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    eholmes11's Avatar
    eholmes11 Posts: 1, Reputation: 1
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    #1

    Feb 14, 2009, 11:57 AM
    i.r.s. form 1099a and oid
    Who is eligible to file a i.r.s. 1099 o.i.d. also who can file a 1099a. Can filing a 1099a stop a foreclosure on real property?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Mar 4, 2009, 04:27 PM
    Form 1099-OID is used to transfer taxable interest from one taxpayer to another.

    Form 1099A does NOT stop a foreclousre; it merely reports the difference between what was owed on a foreclosed property and what the fair market value of that property turned out to be.
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