I don't know exactly where to put this so I'm trying here first. If it needs to be moved, let me know.
We filed Ch 7 at the end of 2007, discharged May 2008. We included the loan we had for my husband's vehicle that he drove for work to visit customers. Originally we were going to do a ride through but decided to return the vehicle and let him use our other car for work.
We shouldn't be getting a 1099-A from the lender since we included the loan in our BK, right?
If so, how does anyone know how to note this on the schedule C? It gives the place to discuss selling/trading-in a vehicle but I can only find information about a repossession and using the 1099-A amount as the sales price.
I've always done our taxes because they aren't that complicated, until I realized I had no idea how to do this!
We filed Ch 7 at the end of 2007, discharged May 2008. We included the loan we had for my husband's vehicle that he drove for work to visit customers. Originally we were going to do a ride through but decided to return the vehicle and let him use our other car for work.
We shouldn't be getting a 1099-A from the lender since we included the loan in our BK, right?
If so, how does anyone know how to note this on the schedule C? It gives the place to discuss selling/trading-in a vehicle but I can only find information about a repossession and using the 1099-A amount as the sales price.
I've always done our taxes because they aren't that complicated, until I realized I had no idea how to do this!
