Depreciation Not Dischargeable in Bankruptcy. – JMS2
“Dear Lewis, We are considering filing Chapter 13 ( due to 2 rental properties that are upside down nearly 50% ). They are now valued at the price of purchase 10yrs ago. 1 of the properties has a 50k 2nd mtg. We have some cc debt. I am concerned about 1099C Tax statements for any …
