Stuart, FL asked in Foreclosure for Florida

Q: What is the amount of tax I will be required to pay after signing a W-9 in regard to a foreclosure?

My ex is receiving money from the bank, for a house that is in both our names, so he will leave it "as is" I have not lived in the house for over 10 years and now his attorneys want me to sign this form so the bank will send a check. I would like to know what percentage of the settlement I will have to pay in taxes.

Thank you!

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1 Lawyer Answer
Robert Jason De Groot
Robert Jason De Groot
Answered
  • Foreclosure Defense Lawyer
  • Deltona, FL
  • Licensed in Florida

A: Speak to your accountant about this.

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