2007-04-18 08:04:19 · 6 answers · asked by sugar_n_spice1429 1 in Business & Finance ➔ Taxes ➔ United States
I'm not sure whether you are asking to file 1099-A as an income or to submit a copy of 1099-A form.
If the amount on Box 2 is less than Box 4, then depending on the type of property, tax filing entity (etc) you may not have to report. If Box 4 is less than Box 2, then you may have debt income. Take a look at IRS Publication 17 for more detail http://www.irs.gov/pub/irs-pdf/p17.pdf
If you are asking if whether to submit a copy of 1099-A form, the answer is Nope. IRS has already received their copy. It is the responsibility of the lender to file 1099-A by end of March.
Best wishes.
2007-04-18 10:03:33 · answer #1 · answered by JQT 6 · 0⤊ 0⤋
No. The ONLY time you include a copy of any Form 1099 is if there was income tax withheld and listed on the form. That's unusual in most cases, except for retirement fund payouts.
2007-04-18 15:15:45 · answer #2 · answered by Bostonian In MO 7 · 2⤊ 0⤋
If you received a 1099 from someone saying they paid you more than 600.00 in a calendar year, you have to report that income. You should file a copy of the 1099 along with your tax , the same as you do a W-2 showing income from an employer.
2007-04-18 15:12:18 · answer #3 · answered by cappy 3 · 0⤊ 3⤋
If you received a 1099 for money earn, then you need to claim that money on you tax return.
I would send a copy to be safe.
2007-04-18 15:12:06 · answer #4 · answered by bbj1776 5 · 0⤊ 2⤋
NO. The instructions for 1099A say: "Do not download, print, and file Copy A with the IRS."
2007-04-18 15:27:39 · answer #5 · answered by ChicagoTom2 1 · 0⤊ 1⤋
I think it does - just like a W2. You should have gotten a copy for your taxes. Good luck! :)
2007-04-18 15:12:31 · answer #6 · answered by searching_please 6 · 0⤊ 2⤋