Sorry guys; I see there are a lot of topics on short sales and such and I did try to go through them all but unfortunately was unable to find my answer and I hope I’m not being too redundant and asking a question that’s been asked before. Anyway, I received a 1099-C cancellation of debt from a VA home loan short sale that occured Sept of last year. Since it was a VA short sale and I had a VA loan that was written off, is that cancellation of debt reportable as income to the IRS? Any help is appreciated…
Thanks!
Claire