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About Form 1099-A

My client bought a timeshare on credit and decided to abandon it, he received a Form 1099-A, and I don't know how to enter it, I have read the aid they have, but I don't understand

Thanks for the Help

 

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1 Comment 1
George4Tacks
Level 15

This may help https://www.irs.gov/taxtopics/tc432

Walking away from a property is very much like SELLING the property back to the back for the  debt owed.


Here's wishing you many Happy Returns
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