I know this might be a bit too soon to ask the question but does anyone have a formula to estimate the taxes?
IE. Original sale price 350,000
Short sale price 175,000
Home improvements 55,000…
What would the 1099 be?
I know this might be a bit too soon to ask the question but does anyone have a formula to estimate the taxes?
IE. Original sale price 350,000
Short sale price 175,000
Home improvements 55,000…
What would the 1099 be?
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Replies
Yes. Send them to a tax professional. No way I would even begin to to do this.