I got 2 1099C cancellation of debts after I did short-sale on One single property in VA with total of $132,000. My home purchased for $401000 by taking purchase loan of $380000. I refied for $364000 and $69000. The home was sold for $330000 in short-sale. So, what is my basis value of home and how much taxable income on this property? Can give more info on request. Thanks
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