Income

1099-A: Acquisition or Abandonment of Secured Property

Reports when a lender acquires an interest in property that was security for a debt, or when the borrower abandons the property.

Download 1099-A PDFAbout on IRS.govInstructions PDF

Who Files This Form?

Lenders who acquire an interest in secured property through foreclosure, repossession, or abandonment.

Key Fields

  • Date of acquisition/abandonment
  • Balance of principal outstanding
  • Fair market value of property
  • Personal liability indicator

Filing Deadlines

Due Date

January 31

Late Filing Penalty

Penalties range from $60 to $310 per form for late filing.

Related Forms

1099-C

Cancellation of Debt

Form 1040

U.S. Individual Income Tax Return

Schedule D

Capital Gains and Losses

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