IRS Form 1099-A "Acquisition or Abandonment of Secured Property"

What Is IRS Form 1099-A?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.

Form Details:

  • A 6-page form available for download in PDF;
  • Actual and valid for filing 2020 taxes;
  • Editable, printable, and free;

Download a fillable version of IRS Form 1099-A through the link below or browse more documents in our library of IRS Forms.

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Download IRS Form 1099-A "Acquisition or Abandonment of Secured Property"

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Attention:
Copy A of this form is provided for informational purposes only. Copy A appears in red,
similar to the official IRS form. The official printed version of Copy A of this IRS form is
scannable, but the online version of it, printed from this website, is not. Do not print and file
copy A downloaded from this website; a penalty may be imposed for filing with the IRS
information return forms that can’t be scanned. See part O in the current General
Instructions for Certain Information Returns, available at www.irs.gov/form1099, for more
information about penalties.
Please note that Copy B and other copies of this form, which appear in black, may be
downloaded and printed and used to satisfy the requirement to provide the information to
the recipient.
To order official IRS information returns, which include a scannable Copy A for filing with
the IRS and all other applicable copies of the form, visit www.IRS.gov/orderforms. Click on
Employer and Information
Returns, and we’ll mail you the forms you request and their
instructions, as well as any publications you may order.
Information returns may also be filed electronically using the IRS Filing Information Returns
Electronically (FIRE) system (visit www.IRS.gov/FIRE) or the IRS Affordable Care Act
Information Returns (AIR) program (visit www.IRS.gov/AIR).
See IRS Publications 1141, 1167, and 1179 for more information about printing these tax
forms.
Attention:
Copy A of this form is provided for informational purposes only. Copy A appears in red,
similar to the official IRS form. The official printed version of Copy A of this IRS form is
scannable, but the online version of it, printed from this website, is not. Do not print and file
copy A downloaded from this website; a penalty may be imposed for filing with the IRS
information return forms that can’t be scanned. See part O in the current General
Instructions for Certain Information Returns, available at www.irs.gov/form1099, for more
information about penalties.
Please note that Copy B and other copies of this form, which appear in black, may be
downloaded and printed and used to satisfy the requirement to provide the information to
the recipient.
To order official IRS information returns, which include a scannable Copy A for filing with
the IRS and all other applicable copies of the form, visit www.IRS.gov/orderforms. Click on
Employer and Information
Returns, and we’ll mail you the forms you request and their
instructions, as well as any publications you may order.
Information returns may also be filed electronically using the IRS Filing Information Returns
Electronically (FIRE) system (visit www.IRS.gov/FIRE) or the IRS Affordable Care Act
Information Returns (AIR) program (visit www.IRS.gov/AIR).
See IRS Publications 1141, 1167, and 1179 for more information about printing these tax
forms.
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VOID
CORRECTED
LENDER’S name, street address, city or town, state or province, country, ZIP or
OMB No. 1545-0877
foreign postal code, and telephone no.
Acquisition or
2019
Abandonment of
Secured Property
1099-A
Form
Copy A
1 Date of lender’s acquisition or
2 Balance of principal
knowledge of abandonment
outstanding
LENDER’S TIN
BORROWER’S TIN
For
$
Internal Revenue
Service Center
BORROWER’S name
3
4 Fair market value of property
File with Form 1096.
$
For Privacy Act
and Paperwork
Street address (including apt. no.)
5 Check if the borrower was personally liable for repayment of
Reduction Act
the debt .
.
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.
.
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.
.
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Notice, see the
2019 General
6 Description of property
City or town, state or province, country, and ZIP or foreign postal code
Instructions for
Certain
Account number (see instructions)
Information
Returns.
1099-A
Form
Cat. No. 14412G
www.irs.gov/Form1099A
Department of the Treasury - Internal Revenue Service
Do Not Cut or Separate Forms on This Page — Do Not Cut or Separate Forms on This Page
CORRECTED (if checked)
LENDER’S name, street address, city or town, state or province, country, ZIP or
OMB No. 1545-0877
foreign postal code, and telephone no.
Acquisition or
2019
Abandonment of
Secured Property
1099-A
Form
Copy B
1 Date of lender’s acquisition or
2 Balance of principal
knowledge of abandonment
outstanding
For Borrower
LENDER’S TIN
BORROWER’S TIN
$
This is important tax
information and is being
BORROWER’S name
3
4 Fair market value of property
furnished to the IRS. If
you are required to file a
$
return, a negligence
penalty or other
Street address (including apt. no.)
5 If checked, the borrower was personally liable for repayment
sanction may be
of the debt
.
.
.
.
.
.
.
.
.
.
.
imposed on you if
taxable income results
6 Description of property
City or town, state or province, country, and ZIP or foreign postal code
from this transaction
and the IRS determines
Account number (see instructions)
that it has not been
reported.
1099-A
(keep for your records)
Form
www.irs.gov/Form1099A
Department of the Treasury - Internal Revenue Service
Instructions for Borrower
Certain lenders who acquire an interest in property that was security for a loan
Box 1. For a lender’s acquisition of property that was security for a loan, the
or who have reason to know that such property has been abandoned must
date shown is generally the earlier of the date title was transferred to the lender
provide you with this statement. You may have reportable income or loss
or the date possession and the burdens and benefits of ownership were
because of such acquisition or abandonment. Gain or loss from an acquisition
transferred to the lender. This may be the date of a foreclosure or execution sale
generally is measured by the difference between your adjusted basis in the
or the date your right of redemption or objection expired. For an abandonment,
property and the amount of your debt canceled in exchange for the property, or,
the date shown is the date on which the lender first knew or had reason to know
if greater, the sale proceeds. If you abandoned the property, you may have
that the property was abandoned or the date of a foreclosure, execution, or
income from the discharge of indebtedness in the amount of the unpaid balance
similar sale.
of your canceled debt. The tax consequences of abandoning property depend
Box 2. Shows the debt (principal only) owed to the lender on the loan when the
on whether or not you were personally liable for the debt. Losses on acquisitions
interest in the property was acquired by the lender or on the date the lender first
or abandonments of property held for personal use are not deductible. See Pub.
knew or had reason to know that the property was abandoned.
4681 for information about your tax consequences.
Box 4. Shows the fair market value of the property. If the amount in box 4 is less
Property means any real property (such as a personal residence); any
than the amount in box 2, and your debt is canceled, you may have cancellation
intangible property; and tangible personal property that is held for investment or
of debt income. If the property was your main home, see Pub. 523 to figure any
used in a trade or business.
taxable gain or ordinary income.
If you borrowed money on this property with someone else, each of you
Box 5. Shows whether you were personally liable for repayment of the debt
should receive this statement.
when the debt was created or, if modified, when it was last modified.
Borrower’s taxpayer identification number (TIN). For your protection, this
Box 6. Shows the description of the property acquired by the lender or
form may show only the last four digits of your TIN (social security number
abandoned by you. If “CCC” is shown, the form indicates the amount of any
(SSN), individual taxpayer identification number (ITIN), adoption taxpayer
Commodity Credit Corporation loan outstanding when you forfeited your
identification number (ATIN), or employer identification number (EIN)). However,
commodity.
the issuer has reported your complete TIN to the IRS.
Future developments. For the latest information about developments related to
Account number. May show an account or other unique number the lender
Form 1099-A and its instructions, such as legislation enacted after they were
assigned to distinguish your account.
published, go to www.irs.gov/Form1099A.
VOID
CORRECTED
LENDER’S name, street address, city or town, state or province, country, ZIP or
OMB No. 1545-0877
foreign postal code, and telephone no.
Acquisition or
2019
Abandonment of
Secured Property
1099-A
Form
Copy C
1 Date of lender’s acquisition or
2 Balance of principal
knowledge of abandonment
outstanding
For Lender
LENDER’S TIN
BORROWER’S TIN
$
BORROWER’S name
3
4 Fair market value of property
For Privacy Act
and Paperwork
$
Reduction Act
Notice, see the
Street address (including apt. no.)
5 Check if the borrower was personally liable for repayment of
2019 General
the debt .
.
.
.
.
.
.
.
.
.
.
.
Instructions for
Certain
6 Description of property
City or town, state or province, country, and ZIP or foreign postal code
Information
Returns.
Account number (see instructions)
1099-A
Form
www.irs.gov/Form1099A
Department of the Treasury - Internal Revenue Service