answersLogoWhite

0

A 1099-A, or "Acquisition or Abandonment of Secured Property," is a tax form used in the United States to report the acquisition or abandonment of property used as security for a loan. The form is typically issued by lenders when a borrower defaults on a loan and the lender takes possession of the property or when the property is abandoned. It includes details such as the date of acquisition, the fair market value of the property, and any outstanding debt. Taxpayers may need this information to report any income or tax implications related to the transaction.

User Avatar

AnswerBot

7mo ago

What else can I help you with?

Related Questions

What is a 1099A?

A friend of mine recently went thru a forcloseur and he received today a form 2008 Form 1099-A what does he do with this


What are you supposed to do with the 1099A from the mortgage company?

Your 1099-A should be reviewed by a professional when you have your taxes done. See the related information provided by the IRS regarding mortgage forgiveness.


What does mean mean in statistics?

Mean is the average.


What does descriptor mean?

It mean what you don't what does it mean.


Does mean mean average?

'Mean' is the mathematical word for 'average'. 'Average' is the everyday word for 'mean'.


Who was king Henry and what did he do?

he was a mean person who lived with mean people in a mean castle on a mean hill in a mean country in a mean continent in a mean world in a mean solar system in a mean galaxy in a mean universe in a mean dimension


What does GRI mean?

What does GRI mean? What does GRI mean?


Do you say 'what does it mean' or 'what is it mean'?

The correct usage is "what DOES it mean"


What do the hardens mean mean?

The haudensaunee mean irguios


What is the present and future tenses of the word meant?

Present - I mean, She means. Future - I will mean, She will mean. Past - Meant.


What is a metaphor for being mean?

He is as mean as a copperhead snakeHe is as mean as an angry bearHe is as mean as a bottle of brandyHe is as mean a black woman


What is the definition of Rafft in ela?

R mean reastate the question. A mean answer it. F mean for example. F mean for example. T mean this show that. RAFFT that what it mean in Ela