When a taxpayer receives form 1099-a for the repossession


When a taxpayer receives Form 1099-A for the repossession of a house, how is it treated?

A) As an involuntary conversion.

B) As a sale of the home.

C) Both A and B.

D) None of these.

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Financial Management: When a taxpayer receives form 1099-a for the repossession
Reference No:- TGS01263100

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