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Subject:  Re: Incorrect 1099 Date:  2/24/2013  3:13 PM
Author:  gsgreen Number:  117878 of 131786

No, this is a short sale on a rental property. The only part that should be taxable is the forgiven part of the debt in block 1. The lendor, because of the short sale, didn't have to forgive the part of the debt that was covered by proceeds of the sale.
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