IRS Form 1099-A: Reporting Foreclosed or Abandoned Property

Start filling out your own 1099-A here: eforms.com/irs...
Form 1099-A is a document filed by lenders when someone loses or abandons a property that was used as collateral for a loan.
In this video we cover:
What is an IRS Form 1099-A?
When a 1099-A is required
The filing deadlines
The difference between a 1099-A and a 1099-C
D- etails on personal taxes
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This video is strictly for educational purposes and is in no way intended to provide legal advice. We do not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information on this video is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of our videos.
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[@bonniej0]

Well we can do that back to the buyer to the lender too so if the lender has the note and you have the property for collateral you can send the 1099 to them because they're still asking you for money so they're still saying you owe so much when you don't cuz it was discharged from a bankruptcy so you can also make it out towards the lenders so you can keep your house

[@bonniej0]

It can go the other way around too and do you think that when you sell when you buy a house right the note that you sign it's got a value you know it's funny how they don't take that off of your loan and they go and cash it in and lend it back to you for your loan and charge you interest so did you think that we would ever give up like $250,000 and then pay them back again when we already gave it to him up front and not to pay interest on it

[@bonniej0]

That's your that's a bunch of BS man I ain't paying taxes I'm not going to pay taxes on selling my house I already paid taxes the whole time I've had it had to pay taxes when I bought it when I have to pay pet property taxes every month not going to pay taxes when I sell it screw it see what they're going to do to me I don't come after me Man this we're slaves you guys are slaves to pay two taxes and everything for real