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MArishka [77]
2 years ago
8

If an amount is shown in box 7 of form 1099-C this always means?

Law
1 answer:
dolphi86 [110]2 years ago
8 0

Answer: Fair market value of

Explanation: Box 7: Fair market value of property. If a foreclosure or abandonment of property occurred during the same year—and in connection with the canceled debt—box 7 shows the fair market value, or you will receive a separate 1099-A form.

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3 years ago
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<h3>What is New Jersey v. TLO?</h3>

According to the Juvenile Court's ruling, a school official may check a student if they have a reasonable suspicion that a violation has been or is being committed, or if they have a good basis to think that the search is required to uphold school rules or maintain discipline. The Court determined that the school administrator's search did not violate the Fourth Amendment after applying this criterion to the circumstances of this case. T.L.O. received a one-year probationary period after being deemed delinquent.

Remanded the matter back to the Juvenile Court to determine whether T.L.O. had intentionally & voluntarily waived her Fifth Amendment protection against self-incrimination. Affirmed the Juvenile Court's finding that there was no Fourth Amendment violation.

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