Form 1099-A Acquisition or Abondonment of Secured Property

Attention:
This form is provided for informational purposes only. Copy A appears in red, similar to the
official IRS form. Do not file copy A downloaded from this website. The official printed
version of this IRS form is scannable, but the online version of it, printed from this website,
is not. A penalty may be imposed for filing forms that can’t be scanned. See part O in the
current General Instructions for Certain Information Returns for more information about
penalties.
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See IRS Publications 1141, 1167, 1179 and other IRS resources for information about
printing these tax forms.

8080

VOID

CORRECTED

LENDER’S name, street address, city or town, state or province, country, ZIP or
foreign postal code, and telephone no.

OMB No. 1545-0877

2014

Acquisition or
Abandonment of
Secured Property

Form 1099-A
LENDER’S federal identification number

BORROWER’S identification number

1 Date of lender's acquisition or
knowledge of abandonment

2 Balance of principal
outstanding

$
BORROWER’S name

3

4 Fair market value of property

Copy A
For
Internal Revenue
Service Center
File with Form 1096.

$
Street address (including apt. no.)

5 If checked, the borrower was personally liable for repayment
of the debt . . . . . . . . . . . ▶

City or town, state or province, country, and ZIP or foreign postal code

6 Description of property

Account number (see instructions)

For Privacy Act
and Paperwork
Reduction Act
Notice, see the
2014 General
Instructions for
Certain
Information
Returns.

1099-A
Cat. No. 14412G
www.irs.gov/form1099a
Department of the Treasury - Internal Revenue Service
Do Not Cut or Separate Forms on This Page — Do Not Cut or Separate Forms on This Page

Form

CORRECTED (if checked)
LENDER’S name, street address, city or town, state or province, country, ZIP or
foreign postal code, and telephone no.

OMB No. 1545-0877

2014

Acquisition or
Abandonment of
Secured Property

Form 1099-A
LENDER’S federal identification number

BORROWER’S identification number

Street address (including apt. no.)
City or town, state or province, country, and ZIP or foreign postal code
Account number (see instructions)

1099-A

2 Balance of principal
outstanding

Copy B
For Borrower

This is important tax
$
information and is being
4 Fair market value of property furnished to the Internal
Revenue Service. If you
are required to file a
$
return, a negligence
penalty or other
5 If checked, the borrower was personally liable for repayment
sanction may be
of the debt . . . . . . . . . . . ▶
imposed on you if
6 Description of property
taxable income results
from this transaction
and the IRS determines
that it has not been
reported.
3

BORROWER’S name

Form

1 Date of lender's acquisition or
knowledge of abandonment

(keep for your records)

www.irs.gov/form1099a

Department of the Treasury - Internal Revenue Service

Instructions for Borrower
Certain lenders who acquire an interest in property that was security for a loan
or who have reason to know that such property has been abandoned must
provide you with this statement. You may have reportable income or loss
because of such acquisition or abandonment. Gain or loss from an acquisition
generally is measured by the difference between your adjusted basis in the
property and the amount of your debt canceled in exchange for the property, or,
if greater, the sale proceeds. If you abandoned the property, you may have
income from the discharge of indebtedness in the amount of the unpaid balance
of your canceled debt. The tax consequences of abandoning property depend
on whether or not you were personally liable for the debt. Losses on acquisitions
or abandonments of property held for personal use are not deductible. See Pub.
4681 for information about your tax consequences.
Property means any real property (such as a personal residence); any
intangible property; and tangible personal property that is held for investment or
used in a trade or business.
If you borrowed money on this property with someone else, each of you
should receive this statement.
Borrower's identification number. For your protection, this form may show
only the last four digits of your social security number (SSN), individual taxpayer
identification number (ITIN), or adoption taxpayer identification number (ATIN).
However, the issuer has reported your complete identification number to the IRS
and, where applicable, to state and/or local governments.
Account number. May show an account or other unique number the lender
assigned to distinguish your account.

Box 1. For a lender’s acquisition of property that was security for a loan, the
date shown is generally the earlier of the date title was transferred to the lender
or the date possession and the burdens and benefits of ownership were
transferred to the lender. This may be the date of a foreclosure or execution sale
or the date your right of redemption or objection expired. For an abandonment,
the date shown is the date on which the lender first knew or had reason to know
that the property was abandoned or the date of a foreclosure, execution, or
similar sale.
Box 2. Shows the debt (principal only) owed to the lender on the loan when the
interest in the property was acquired by the lender or on the date the lender first
knew or had reason to know that the property was abandoned.
Box 4. Shows the fair market value of the property. If the amount in box 4 is less
than the amount in box 2, and your debt is canceled, you may have cancellation
of debt income. If the property was your main home, see Pub. 523 to figure any
taxable gain or ordinary income.
Box 5. Shows whether you were personally liable for repayment of the debt
when the debt was created or, if modified, when it was last modified.
Box 6. Shows the description of the property acquired by the lender or
abandoned by you. If “CCC” is shown, the form indicates the amount of any
Commodity Credit Corporation loan outstanding when you forfeited your
commodity.
Future developments. For the latest information about developments related to
Form 1099-A and its instructions, such as legislation enacted after they were
published, go to www.irs.gov/form1099a.

VOID

CORRECTED

LENDER’S name, street address, city or town, state or province, country, ZIP or
foreign postal code, and telephone no.

OMB No. 1545-0877

2014

Acquisition or
Abandonment of
Secured Property

Form 1099-A

1 Date of lender's acquisition or
knowledge of abandonment

2 Balance of principal
outstanding

BORROWER’S name

3

4 Fair market value of property

Street address (including apt. no.)

5 If checked, the borrower was personally liable for repayment
of the debt . . . . . . . . . . . ▶

City or town, state or province, country, and ZIP or foreign postal code

6 Description of property

LENDER’S federal identification number

BORROWER’S identification number

Copy C
For Lender

$
$

Account number (see instructions)
Form

1099-A

www.irs.gov/form1099a

For Privacy Act
and Paperwork
Reduction Act
Notice, see the
2014 General
Instructions for
Certain
Information
Returns.

Department of the Treasury - Internal Revenue Service

Instructions for Lender
To complete Form 1099-A, use:
• the 2014 General Instructions for Certain Information
Returns, and
• the 2014 Instructions for Forms 1099-A and 1099-C.
To order these instructions and additional forms, go to
www.irs.gov/form1099a or call 1-800-TAX-FORM
(1-800-829-3676).
Caution. Because paper forms are scanned during
processing, you cannot file Forms 1096, 1097, 1098, 1099,
3921, 3922, or 5498 that you print from the IRS website.
Due dates. Furnish Copy B of this form to the borrower by
February 2, 2015.

File Copy A of this form with the IRS by March 2, 2015. If
you file electronically, the due date is March 31, 2015. To file
electronically, you must have software that generates a file
according to the specifications in Pub. 1220, Specifications for
Electronic Filing of Forms 1097, 1098, 1099, 3921, 3922,
5498, 8935, and W-2G. The IRS does not provide a fill-in form
option.
Need help? If you have questions about reporting on Form
1099-A, call the information reporting customer service site
toll free at 1-866-455-7438 or 304-263-8700 (not toll free).
Persons with a hearing or speech disability with access to
TTY/TDD equipment can call 304-579-4827 (not toll free).