myallaly
Level 1
This widget could not be displayed.

Is this reportable?  Will a 1099C arrive next year?  

Labels (1)
0 Cheers
TaxGuyBill
Level 15
This widget could not be displayed.
A 1099-A is reported as if the property was sold.  If it was a personal-use property and sold at a loss, the loss won't be deductible.

Whether or not a 1099-C comes or not, I don't know.  But the 1099-A does NOT show any cancellation of debt, just that the property was disposed.

View solution in original post

0 Cheers