Thank you so much for this breakdown! I was struggling to find how to enter the 1099-a info to the return and this is the first video I found that gives a comprehensive breakdown after looking for hours.
@lynnekita8552 ай бұрын
So, in your example regarding the real property, since the lender received more than the debt owed, will he issue a 1099-C to the taxpayer? Thank you!
@dianewilliams91723 күн бұрын
box 5 is not checked line 2is less than line 4 what do I do? timeshare week
@BrianMagnafici-mw5xh12 күн бұрын
I'm wondering about people who have had thier home foreclosure on that was not using it for a rental or business 🤔 business?
@TDOGGYDOGG6983 Жыл бұрын
Thank you brother from another mother ayeeeeeeeeee 🥇 GOD SUNT YOU RIGHT IN TIME! THANK YOU SO KINDLY!
@Therealinnz19 ай бұрын
Salute Jason Where can I get these forms ?
@RhondaKing-x3z Жыл бұрын
I received 1099a for personal property with amt in box 2 for 234730 and fmv 144000 how to do i report it. Its from tax yr 2018 can u help me
@patwaripiyush Жыл бұрын
Lender issues this to the borrower ?
@Lolibett Жыл бұрын
its confusing. what is the difference between tangible personal property and real property? how you determine which is which?
@rudra109 Жыл бұрын
What I understand by tangible personal property is that which is movable like machinery, furniture, computer etc..whereas real property means non movable, attached to land like building
@winfrednicholson5004 Жыл бұрын
CAUTION! Misinformation on 1099A, individuals may be a Secure Party Credit. Not only Bankster. Key IRS instructions "and person that lend money"
@ayawoke99067 ай бұрын
Right info, wrong crowd
@BrianMagnafici-mw5xh12 күн бұрын
What do you mean by that can you please explain more about this issue @@ayawoke9906
@heathersundermeyer36918 ай бұрын
You are missing the fact that Adam was the creditor. I can’t even listen To this
@EAAdamson10 ай бұрын
Hers wher the difference comes, when your considered an entity and that mean a business, stock or non human and in essence you are a businees and the lender is using your money to loan to you and that makes you the lendor to the bank ho is debtor and you dont like they used your money to loan oithers and have been paid on the loan out of our trust, so they are damaged. We are commercial law inase you wondered