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05/24/2012 at 04:51PM PDT
Important Announcement! A planned system-wide upgrade will take place over the Memorial Day Weekend in the US (From Thurs, May 24, 2012 at 6 pm PDT thru Tues, May 29, 2012 at 5 am PDT). This includes QuickBooks, QuickBooks Payroll, Point of Sale, & Salesforce.com. This is only for US based products. This does not affect QuickBooks Online customers! During this time, you can shop, but can’t place orders online, activate products or update account info. We apologize for the inconvenience & thank you for patience while we improve our infrastructure to better serve you. International versions are unaffected. For more info, see our community discussion.
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TF1949
TF1949
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TF1949
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02/07/12 1:28pm PST
Viewed by asker 03/04/12 3:55am PST

Excludable 1099c income for short sale

1099C Can all income be excluded in short sale on 982 if client receives 1099c for 81000, owed 285000 and it was sold for 201000?

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sjrcpa
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02/07/12 1:51pm PST

Maybe.  Read the instructions for 982 and see which, if any, of the exclusion conditions they meet.

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Thanks

 

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02/07/12 3:33pm PST

 @Susan - great answer.  <w>

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Anthony, you're welcome

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