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  • Mar 13, 2009, 03:58 PM
    pwusrbunky1
    1099-A forms
    If I receive two 1099-A forms, one for the first mortgage and one for the second mortgage, do I add the FMV of both forms together to get the total FMV for federal tax reporting? Add the two together make the FMV much higher than the actual FMV.
  • May 5, 2009, 02:39 PM
    AtlantaTaxExpert
    You must use the actual FMV.

    If the FMVs on the two 1099-As are different, use the average FMV.

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