Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   1099A; Do I file the amount as income (https://www.askmehelpdesk.com/showthread.php?t=329775)

  • Mar 16, 2009, 12:20 AM
    drayt
    1099A; Do I file the amount as income
    Received a1099A form and called the bank. The person I spoke with stated that the amount would not be reported as income but could not advise me on how to file it. Please help.
  • May 7, 2009, 10:22 AM
    AtlantaTaxExpert
    Contact a tax professional.
  • May 7, 2009, 01:55 PM
    IntlTax

    If the bank forgives the debt you owe, then they should send you a Form 1099-C. Since you got a 1099-A, they did not forgive the debt.

    • All times are GMT -7. The time now is 12:25 PM.