Re: 1099A Received from Wells Fargo, Tax Implications?


Posted by jim on January 28, 2008 at 17:48:22:
In Reply to: 1099A Received from Wells Fargo, Tax Implications?
Posted by Joe K. on January 28, 2008 at 17:30:07:

1099A is the form lenders use for abandonment of property, where a 1099C is for cancellation of debt.

IRS has an article that I believe covers how to treat it. If you don't find your answers, post back.


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