Question: WHAT IS WORSE A DEFICIENCY JUDGMENT OR A 1099 IN THE AMOUNT OF $120,000.00
Answer: -Most homeowners would take the 1099 over a deficiency judgment because in most cases you can counter the 1099 with IRS form 982. Talk to your accountant because you may not have to pay a dime.
Tags: 1099, deficiency judgment, IRS form 982
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