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**TAXNJ** · 03-22-2023, 01:00 PM

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Topic no. 432, Form 1099-A, Acquisition or Abandonment of Secured Property and Form 1099-C, Cancellation of Debt | Internal Revenue Service

https://www.irs.gov/taxtopics/tc432

Topic No. 432, Form 1099-A (Acquisition or Abandonment of Secured Property) and Form 1099-C (Cancellation of Debt)

and

https://smallbusiness.chron.com/purp...99a-20242.html

and

What Is IRS Form 1099-A (Acquisition or Abandonment of Secured Property)?

https://turbotax.intuit.com/tax-tips/irs-tax-forms/what-is-form-1099-a/L0NyHDAsE

If you experienced foreclosure or repossession or abandoned your property that was used to secure a loan, you may receive Form 1099-A. Form 1099-A is filed by the lender but used by borrowers to calculate taxes on capital gains, losses, and canceled debt. Learn more about how to use the form and file your taxes accurately.

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