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Company Loan Type APR Est. Pmt.

1099-A

Posted on: 12th Feb, 2009 06:06 am
I received a 1099-A for 2008. the principal and fvm are the same, what does this mean as far as my liability? I did not get a 1099-C. I would appreciate any help.
Hi LB,

1099A form is issued in order to show your gain or loss resulting from the repossession of property on which you owe money. 1099 C form is issued when there is a cancellation of debt.

Thanks.
Posted on: 13th Feb, 2009 01:37 am
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