Friday, August 20, 2010

How do I file taxes with a foreclosure?

Due to a divorce, my house ( I live in Florida) is going through foreclosure. It hasn't been sold yet, and I haven't paid any mortgage on it since December of 08. I haven't gotten anything recently regarding the foreclosure. Can I do the basic filing of my tax return? I was the cosigner- the property was in my ex's name first. Please help!How do I file taxes with a foreclosure?
If the foreclosure is not yet complete, you do nothing. It affects the year in which the debts are taken care of.
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