Skip to main content
Level 1
December 7, 2019
Solved

If I received a 1099-A, I should fill out the 982 Part I 1b if I am insolved with more lialilities than assets, do I have to send another form as schedule D

  • December 7, 2019
  • 2 replies
  • 18 views
No text available
This topic has been closed for replies.
Best answer by TaxMonkey

Form 982 has nothing to do with 1099-A.


A foreclosure or abandonment is a sale.  It is not cancellation of debt.  Often the two are related, but not always.

2 replies

TaxMonkeyAnswer
Level 7
December 7, 2019

Form 982 has nothing to do with 1099-A.


A foreclosure or abandonment is a sale.  It is not cancellation of debt.  Often the two are related, but not always.

George4Tacks
Level 15
December 7, 2019
Answers are easy. Questions are hard!