I read the IRS laws on 1099 the debt forgiven on a foreclosure or short. What about property tax?Does the IRS ask for payback of those payments missed too? What happens?January 30 2009 - Livermore00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.