A homeowner had their home foreclosed in California in May. The bank said they will receive a 1099 tax form when the home sells. The homeowner is considering filing for Chapter 7 bankruptcy and wants to know if filing would eliminate the tax debt from the potential 1099 form from the foreclosed home sale.

1. Filling chapter 7 bankruptcy?
Our home was fore closed in cali in May. The bank said they will give us a 1099
when it sells. If I file for chapter 7 bankruptcy will this be taken off as wel
l? I know unsecured debt will be eliminated but what about taxes on a 1099 I bel
ieve this is a CPA question.