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 Form 1099 a Rev January Acquisition or Abandonment of Secured Property 2022-2024

1099a 2022-2024 Form

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What is a W-9 tax form? What is a W-9 tax form?

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Video instructions and help with filling out and completing Form 1099 A Rev January Acquisition Or Abandonment Of Secured Property

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Instructions and help about form 1099 a 2018

okay for this video I want to go over the IRS form 1099-a and cover a scenario where you have to report this information on your tax return so there are a lot of instances where you don't have to really do anything but in this case I'm going to show you an example where you need to report something so I've got the sample 1099-a in front of us this was a foreclosure of a piece of real estate investment by the taxpayer and so during 2022 the bank took it back and sold it and they issued John this 1099-a so I've got the 1099-a here I do have a worksheet for foreclosures and repossessions so this is pulled from the publication 4681 and this is necessary in order to calculate the gain or loss that you realize once the bank takes the property back okay so I've got those two pieces and then I do have a sample tax return here a 1040 for 2022 and we'll go through this and see how John needed to report everything on his tax filings and then the last one here is two slides so I have the fact patt

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