Home Florida
If you have a house in Florida, can not sell it, and do the deed in lieu foreclosure. It can be claimed tax
Do it for all the things occurred in Florida, could not sell the house. I gave it back to the bank with a deed in lieu foreclosure. Can the number of missing at home, will be taken from the tax next year, or broken up into several tax years?
Actually you have asked questions that may have to look into before you pursue a replacement certificate. There may be a tax impact and you will want to have a package you did with the banks-including the difficulty of the letter when you talk with your tax preparer this year. The impact may be the opposite of what you expect-they can consider the terms of revenue! so you have to present the package and seek a review. There is an IRS tax attorneies that specializes in helping with this problem or you might just take the package that you have successfully submitted to the bank, including all financial information and visit the nearest IRS office to file a review petition back or this transaction. Good luck! At least with a bank approved the Deed in Lieu I know that you have been able to provide evidence sufficient to satisfy them. You are on the right road to to meet the IRS as well. Be sure to take all the documentation either way you go! It just saves time.
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