IRS Form 1099-C Archives - John R. Dundon II, Enrolled Agent
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IRS Form 1099-C Tag

A foreclosure on rental property technically involves the sale of the property back to the lender. Form 1099-A Acquisition or Abandonment of Secured Property reports that the lender has repossessed or foreclosed on the property. Box 2 is the amount of the outstanding mortgage debt, and box 4 is the fair...

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