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How to file 982 part II reduction of tax attributes for 2nd mortgage?
1. How to file 982 part II reduction of tax attributes for 2nd mortgage?
I received a 1099c for 2nd mortgage ($37,000), which i included in bankruptcy. I
I still live in the home and am current on the 1st mortgage ($140,000). The fair
market value on 1099c is $165,000. I am not sure how to fill out part II reduct
ion of tax attributes form 982.