2020 Department of the Treasury Internal Revenue Service Instructions for Forms 1099-A and 1099-C Acquisition or Abandonment of Secured Property and Cancellation of Debt Section references are to the Internal Revenue Code However, if you file both Forms...
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2020 Department of the Treasury Internal Revenue Service Instructions for Forms 1099-A and 1099-C Acquisition or Abandonment of Secured Property and Cancellation of Debt Section references are to the Internal Revenue Code However, if you file both Forms 1099-A and 1099-C, do unless otherwise noted. not complete boxes 4, 5, and 7 on Form 1099-C. See the Specific Instructions for Form 1099-C, later. Future Developments For the latest information about developments related to Property Forms 1099-A and 1099-C and their instructions, such as “Property” means any real property (such as a personal legislation enacted after they were published, go to residence), any intangible property, and tangible personal IRS.gov/Form1099A and IRS.gov/Form1099C. property except the following. Reminders • No reporting is required for tangible personal property In addition to these specific instructions, you should also (such as a car) held only for personal use. However, you use the 2020 General Instructions
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