15 49.0138 8.38624 1 0 4000 1 https://blog.pdffiller.com 300 true
1099 a, 1099 a 2015, 1099 a print, a 1099 form to print off, form 1099 a 2015, form 1099 a blank, form 1099 a download, form 1099 a print, form 1099-A, form 1099a, form abandonment, i need a free blank 1099 tax form, IRS form 1099 a, print a 1099 form, what is a 1099 tax form

Everything You Need To Know About Form 1099 A

Reporting a Home Foreclosure?  You need Form 1099 A!

Moving on with our review of 1099 forms, today’s post focuses on IRS 1099-A. When you have finished learning about how to report a home foreclosure, get started filling your 1099 A with PDFfiller!

Who needs an IRS 1099-A form?

An IRS 1099 A form is needed by:

• Multiple owners of single loan: In case there are multiple owners of a single loan like fixed investment trust or pools, an IRS 1099-A form must be filed on behalf of all owners.
• Government lenders: A unit of the government that lends money secured by the foreclosed property must file a IRS 1099-A.
• Multiple lenders: In case one lender acquires or forecloses an interest in the property leading to the termination of the sale, a Form 1099-A must be filed for each lender.

What is IRS 1099-A?

Taxpayers are required by law to report the foreclosure just like it were a sale of the property. Form 1099-A is for Acquisition or Abandonment of Secured Property. If you received a Form 1099-A, the first thing you must do is determine whether there has actually been a cancellation of debt. The lender should have sent you a Form 1099-C Cancellation of Debt if any debt was canceled. If you have not received a Form 1099-C, you may want to contact your lender to determine if any debt has been canceled.

Is IRS 1099-A accompanied by other forms?

If you file a 1099 a, you need to fill out Form 1096 as well.

When is IRS 1099-A due?

File copies with the IRS by the end of February and a copy to the borrower by the end of January.

How do I file IRS 1099-A?

To file IRS 1099 A correctly, you’ll need to know the sale date and sale price of the property. You’ll also need to document the purchase date and purchase price; this information can be found in your escrow statements from when you first bought the house. For more information on how form 1099 A relates to form 1099 C, check out the following video:

Where do I send IRS 1099-A?

You send Copy A to the IRS, Copy 1 to the concerned state tax agency, Copy B and Copy 2 to the income recipient and Copy C is for your records.

 


 

Click here to get started filling out your IRS Form 1099 a with PDFfiller.
Get a 30-day free trial

PDFfiller Blog | Weekly tips

1099 for 2015, 1099 template 2015, 1099.PATR, 1099 patr, 2015 1099, 2015 1099 download, 2015 1099 pdf, 2015 1099 print, 2015 form 1099, 2015 irs 1099, 2015 irs form 1099 printable, fillable 2015 1099, form 1099.PATR, free printable 1099 form 2015, printable 1099 forms 2015
Previous Post
Your Guide To IRS Form 1099-PATR
1099 c 2015, 1099 c debt, 1099 c form, 1099 c forms, 1099-C, 1099C, form 1099 C, form 1099 c 2015, form 1099 c cancellation debt, form 1099C, irs 1099 c, irs 1099c, IRS form 1099 C, irs form 1099c, printable form 1099 c
Next Post
Reporting Cancelled Debt with IRS 1099-C