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    desertdweller's Avatar
    desertdweller Posts: 2, Reputation: 1
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    #1

    Jan 30, 2012, 11:18 AM
    Form 1099-C
    Ebaines- Thank you for your quick reply! So, since I received a 1099-A then I should not expect to receive a 1099-C? (is one or the other issued?) I don't want to have to file an amended return later or pay penalties, etc..
    Should I call the IRS to inquire?

    Thank you!
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Jan 30, 2012, 12:02 PM
    First - please don't start a new thread to ask a follow-up question - it's better to keep the conversation as one string.

    In general you would receive either a 1099-A or a 1099-C, but not both. As I pointed out - since the FMV was greater than what you owe there is no tax issue for you on this - and they won't send a 1099-C.
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