asked

My father is deceased, and his house was in his sole and separate name. I am the Personal Representative (PR) to settle the house only. The mortgage company has agreed to a deed in lieu with a deficiency. Will there be a tax liability on my end when they file the 1099? The house will be gone, and my father is deceased. His widow has already handled all other taxes. The house is in New Mexico, and I live in New Jersey.

July 25th, 2023

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