In article <futf8t$d2l$1[at]reader2.panix.com> ,
kamlet[at]panix.com (Arthur Kamlet) wrote:

- quote -

But the California Franchise Tax Board (California's iR) will send a
nasty letter stating that you sold something, have no basis, and
therefore you owe.

We always tell taxpayers with a 1099S or a 1099B to file to keep the FTB
off their back

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In article <4e7a907a-18fa-469b-9b11-84cc5fcd8af1[at]y38g2000hsy.googlegroups.com> ,
NadCixelsyd <nadcixelsyd[at]aol.com> wrote:
- quote -


If it's your main home, that you owned and lived in during the
two-year period prior to sale, no need to even report.


If not, report it and calculate the loss. On the next line
write "Personal Property - Loss Disallowed" and enter as
a gain, the amount of los just shown, so the net gain/loss
is zero.


The IRS counsel responsible for Schedule D and its instructions
does not want to see it reported in the above (main home)
circumstances, even if a 1099-S had been issued.
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ArtKamlet at a o l dot c o m Columbus OH K2PZH

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

Do I have to put it on my tax return? It's not a loss that I can
claim, but someone did take my SSN at the closing. Is the IRS going
to be looking for that on my return??

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >