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    drayt's Avatar
    drayt Posts: 1, Reputation: 1
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    #1

    Mar 16, 2009, 12:20 AM
    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.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    May 7, 2009, 10:22 AM
    Contact a tax professional.
    IntlTax's Avatar
    IntlTax Posts: 831, Reputation: 23
    Tax Expert
    		  
    #3

    May 7, 2009, 01:55 PM

    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.
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