Acquisition or Abandonment of Secured Property and Cancellation of Debt
Section references are to the Internal Revenue Code unless otherwise noted.
2013
Table of Contents
- Instructions for Forms 1099-A and 1099-C - Introductory Material
- Instructions for Forms 1099-A and 1099-C - Main Contents
- Specific Instructions for Form 1099-A
- Coordination With Form 1099-C
- Property
- Who Must File
- Abandonment
- Statements to Borrowers
- Account Number
- Box 1. Date of Lender's Acquisition or Knowledge of Abandonment
- Box 2. Balance of Principal Outstanding
- Box 3. Reserved
- Box 4. Fair Market Value (FMV) of Property
- Box 5. Was Borrower Personally Liable for Repayment of the Debt
- Box 6. Description of Property
- Specific Instructions for Form 1099-C
- Coordination With Form 1099-A
- Who Must File
- Exceptions.
- Debt Defined
- When To File
- When Is a Debt Canceled
- Exceptions
- Multiple Debtors
- Recordkeeping
- Requesting TINs
- Statements to Debtors
- Account Number
- Box 1. Date of Identifiable Event
- Box 2. Amount of Debt Discharged
- Box 3. Interest if Included in Box 2
- Box 4. Debt Description
- Box 5. Check Here if the Debtor was Personally Liable for Repayment of the Debt
- Box 6. Identifiable Event Code
- Box 7. Fair Market Value (FMV) of Property
- Specific Instructions for Form 1099-A
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