if you settled a debt on a home or with a lender most likely you will rec one of two types of forms from the bank and or lender/creditor.
in some cases where property is involved one may receive both form 1099-A (Acquisition or Abandonment of Secured Property) and form 1099-C (Cancellation...
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1099-A /Rental Property/BK/non recourse state AZ/no 1099-C
Please advise.
If the rental properties were discharged in BK and no 1099-C
I do not understand why I would have to enter info from a 1099-A
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1099-a
Hi,
My house was foreclosed in 2010. I also know it was put back on the market and sold this same year.
Anyway, I received a 1099-A form from the bank (I had only one loan on this house which was my main residence).
the remaining balance (box 2) is lower than Fair Market Value (box...
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