Form 1099-A

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Form 1099-A

A form that a lender files with the IRS if it receives ownership in any collateral instead of partial or total repayment. Lenders are required to file 1099-A even if they do not lend as part of their business.
References in periodicals archive ?
Lenders report to the IRS a property's foreclosure or abandonment on Form 1099A, and certain lenders are required to report to the IRS a borrower's COD income on Form 1099C.