1099-a
How does 1099-a form work do you usually receive a 1099-c.
Question posted for: Los Angeles, CA
1 answer
You can find instructions concerning 1099-A (Aquisition or Abandonment of Secured Property) and 1099-C (Cancellation of Debt) here: http://www.irs.gov/instructions/i1099ac/ar02.html
It looks like if both events occur during the same calendar year you need file only the 1099-C.
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Comments:
So if I don't get the 1099-c does that mean the debt not cancelled.
5 months ago by allbiz5
I'm not sure, and am not an expert in this area. Did you ask your lender? What did they say?
5 months ago by GeorgeFavvas
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