Can I dispute tax reporting on canceled mortgage debt? | NC

About this video

Q: Can I dispute tax reporting that says I owe canceled mortgage debt on a house I inherited through an estate? A: Yes — often you can. The main issue is not just what the tax form says. The real question is whether you were actually personally liable for that mortgage debt. If the debt was tied to estate property, shared inherited property, or a court-ordered sale, that does not automatically…