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Instructions and help about form 1099 a

hi I'm Michelle of France with Blanchett LaFrance accounting in tax and today we'll be discussing the difference between a 1099 a and 1099 C when reporting taxes a 1099 a is acquisition or abandonment of each property that you've lent money to a borrower in connection with a trade or business and you gained interest in that property a 1099 C is a cancellation of debt of $600 or more of a debt that you owe to any lender in connection with the 1099 a and 1099 C for foreclosure and abandonment you would not need to provide both statements to the borrower you would simply provide a 1099 C only now if you need more information you can always visit irs.gov and again this is Michelle with blanchard LaFrance accounting com you

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