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.
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) or the IRS Affordable Care Act
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See IRS Publications 1141, 1167, and 1179 for more information about printing these tax
forms.
Form 1099-A
2018
Cat. No. 14412G
Acquisition or
Abandonment of
Secured Property
Copy A
For
Internal Revenue
Service Center
Department of the Treasury - Internal Revenue Service
File with Form 1096.
OMB No. 1545-0877
For Privacy Act
and Paperwork
Reduction Act
Notice, see the
2018 General
Instructions for
Certain
Information
Returns.
8080
VOID CORRECTED
LENDER’S name, street address, city or town, state or province, country, ZIP or
foreign postal code, and telephone no.
LENDER’S TIN BORROWER’S TIN
BORROWER’S name
Street address (including apt. no.)
City or town, state or province, country, and ZIP or foreign postal code
Account number (see instructions)
1 Date of lender's acquisition or
knowledge of abandonment
2 Balance of principal
outstanding
$
3 4 Fair market value of property
$
5 If checked, the borrower was personally liable for repayment
of the debt . . . . . . . . . . .
6 Description of property
Form 1099-A
www.irs.gov/Form1099A
Do Not Cut or Separate Forms on This Page Do Not Cut or Separate Forms on This Page
Form 1099-A
2018
Acquisition or
Abandonment of
Secured Property
Copy B
For Borrower
Department of the Treasury - Internal Revenue Service
This is important tax
information and is being
furnished to the IRS. If
you are required to file a
return, a negligence
penalty or other
sanction may be
imposed on you if
taxable income results
from this transaction
and the IRS determines
that it has not been
reported.
OMB No. 1545-0877
CORRECTED (if checked)
LENDER’S name, street address, city or town, state or province, country, ZIP or
foreign postal code, and telephone no.
LENDER’S TIN BORROWER’S TIN
BORROWER’S name
Street address (including apt. no.)
City or town, state or province, country, and ZIP or foreign postal code
Account number (see instructions)
1 Date of lender's acquisition or
knowledge of abandonment
2 Balance of principal
outstanding
$
3 4 Fair market value of property
$
5 If checked, the borrower was personally liable for repayment
of the debt . . . . . . . . . . .
6 Description of property
Form 1099-A
(keep for your records)
www.irs.gov/Form1099A
Instructions for Borrower
Certain lenders who acquire an interest in property that was security for a loan
or who have reason to know that such property has been abandoned must
provide you with this statement. You may have reportable income or loss
because of such acquisition or abandonment. Gain or loss from an acquisition
generally is measured by the difference between your adjusted basis in the
property and the amount of your debt canceled in exchange for the property, or,
if greater, the sale proceeds. If you abandoned the property, you may have
income from the discharge of indebtedness in the amount of the unpaid balance
of your canceled debt. The tax consequences of abandoning property depend
on whether or not you were personally liable for the debt. Losses on acquisitions
or abandonments of property held for personal use are not deductible. See Pub.
4681 for information about your tax consequences.
Property means any real property (such as a personal residence); any
intangible property; and tangible personal property that is held for investment or
used in a trade or business.
If you borrowed money on this property with someone else, each of you
should receive this statement.
Borrower’s taxpayer identification number (TIN). For your protection, this
form may show only the last four digits of your TIN (social security number
(SSN), individual taxpayer identification number (ITIN), adoption taxpayer
identification number (ATIN), or employer identification number (EIN)). However,
the issuer has reported your complete TIN to the IRS.
Account number. May show an account or other unique number the lender
assigned to distinguish your account.
Box 1. For a lender’s acquisition of property that was security for a loan, the
date shown is generally the earlier of the date title was transferred to the lender
or the date possession and the burdens and benefits of ownership were
transferred to the lender. This may be the date of a foreclosure or execution sale
or the date your right of redemption or objection expired. For an abandonment,
the date shown is the date on which the lender first knew or had reason to know
that the property was abandoned or the date of a foreclosure, execution, or
similar sale.
Box 2. Shows the debt (principal only) owed to the lender on the loan when the
interest in the property was acquired by the lender or on the date the lender first
knew or had reason to know that the property was abandoned.
Box 4. Shows the fair market value of the property. If the amount in box 4 is less
than the amount in box 2, and your debt is canceled, you may have cancellation
of debt income. If the property was your main home, see Pub. 523 to figure any
taxable gain or ordinary income.
Box 5. Shows whether you were personally liable for repayment of the debt
when the debt was created or, if modified, when it was last modified.
Box 6. Shows the description of the property acquired by the lender or
abandoned by you. If “CCC” is shown, the form indicates the amount of any
Commodity Credit Corporation loan outstanding when you forfeited your
commodity.
Future developments. For the latest information about developments related to
Form 1099-A and its instructions, such as legislation enacted after they were
published, go to www.irs.gov/Form1099A.
Form 1099-A
2018
Acquisition or
Abandonment of
Secured Property
Copy C
For Lender
Department of the Treasury - Internal Revenue Service
OMB No. 1545-0877
For Privacy Act
and Paperwork
Reduction Act
Notice, see the
2018 General
Instructions for
Certain
Information
Returns.
VOID CORRECTED
LENDER’S name, street address, city or town, state or province, country, ZIP or
foreign postal code, and telephone no.
LENDER’S TIN BORROWER’S TIN
BORROWER’S name
Street address (including apt. no.)
City or town, state or province, country, and ZIP or foreign postal code
Account number (see instructions)
1 Date of lender's acquisition or
knowledge of abandonment
2 Balance of principal
outstanding
$
3 4 Fair market value of property
$
5 If checked, the borrower was personally liable for repayment
of the debt . . . . . . . . . . .
6 Description of property
Form 1099-A
www.irs.gov/Form1099A
Instructions for Lender
To complete Form 1099-A, use:
• the 2018 General Instructions for Certain Information
Returns, and
• the 2018 Instructions for Forms 1099-A and 1099-C.
To order these instructions and additional forms, go to
www.irs.gov/Form1099A.
Caution: Because paper forms are scanned during
processing, you cannot file Forms 1096, 1097, 1098, 1099,
3921, 3922, or 5498 that you print from the IRS website.
Due dates. Furnish Copy B of this form to the borrower by
January 31, 2019.
File Copy A of this form with the IRS by February 28, 2019.
If you file electronically, the due date is April 1, 2019. To file
electronically, you must have software that generates a file
according to the specifications in Pub. 1220. The IRS does not
provide a fill-in form option for Copy A.
Need help? If you have questions about reporting on Form
1099-A, call the information reporting customer service site
toll free at 866-455-7438 or 304-263-8700 (not toll free).
Persons with a hearing or speech disability with access to
TTY/TDD equipment can call 304-579-4827 (not toll free).