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Level 3
April 22, 2020
Question

1099-A

  • April 22, 2020
  • 1 reply
  • 8 views

 Client received a 1099-A showing Box 5 checked, Box 2 amount higher than Box 4 amount. No 1099-C.

How do I report a gain or loss if any? This is my first time filing this form.

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1 reply

Level 8
April 23, 2020

Complete the 1099-A form, it can be found by using the "cant find a form" link. Then QUICK ZOOM to the Canceled Debt Worksheet at the bottom and complete it.