Instructions for 1099 A and 1099 C

Specific instructions for Form 1099-A Information about acquisition or abandoned or secured property for each borrower if you lend money in connection with your trade or business etc.
Download Form 1099_A (not for filing).

Points of information are :

• Coordination with Form 1099-C
  
  
• Property
  
  
• Who must file
  
  
• Abandonment
  
  
• Statement to borrowers
  
  
• Account number
  

1099-A Instruction Boxes

1. Date of lenders acquisition or knowledge of abandonment


2. Balance of principal outstanding


3. Reserved


4. Fair market value


5. Was borrower personally liable for repayment of the debt?
   
   
6. Description of property

1099-C

Boxes to be filled

1. Date of identifiable event


2. Amount of debt discharged


3. Interest if included in Box 2


4. Debt description


5. Check here is the debtor was personally liable for the debt


6. Identifiable event code

You can avoid the paper problems and use