1099-A

Acquisition or Abandonment of Secured Property

Agency
IRS
Revision
Rev. April 2025
Fillable fields
31
Pages
4
Official source
IRS form page
Checked
October 21, 2026
Fill 1099-A online
Page 1 of form 1099-A

Form 1099-A: Acquisition or Abandonment of Secured Property

Form 1099-A, Acquisition or Abandonment of Secured Property, is an information return filed by a lender. The About page says it is filed for each borrower when someone lends money in connection with a trade or business and, in full or partial satisfaction of the debt, acquires an interest in property that is security for the debt, or has reason to know that the property has been abandoned. The lender does not need to be in the business of lending money.

The lender files Copy A with the IRS and gives Copy B to the borrower. Copy B says the borrower may have reportable income or loss because of the acquisition or abandonment, and points to Pub. 4681 for the tax consequences.

The PDF notes that the red Copy A downloaded from IRS.gov is for information only and is not scannable, while Copy B and the other black copies can be printed and given to the borrower. You can fill out the PDF free in your browser on this page and download it without an account.

Top of page 1 of Form 1099-A: Acquisition or Abandonment of Secured Property, as printed by IRS

What's on Form 1099-A

Lender and borrower information

The lender's name, address and telephone number, the lender's TIN, the borrower's TIN, name and address, and an account number.

Box 1: date of acquisition or abandonment

The date of the lender's acquisition of the property, or the date of its knowledge of abandonment.

Box 2: balance of principal outstanding

The debt, principal only, owed to the lender on the loan at the time of the acquisition or abandonment.

Box 4: fair market value

The fair market value of the property. Copy B says box 3 is reserved for future use.

Box 5: personal liability

A checkbox showing whether the borrower was personally liable for repayment of the debt.

Box 6: description of property

A description of the property acquired by the lender or abandoned by the borrower.

How to fill out Form 1099-A

  1. 1

    Names, TINs and account number

    The instructions say an account number is required when the lender files more than one Form 1099-A for a borrower with multiple accounts. A borrower's TIN may be truncated on statements to borrowers, but not on forms filed with the IRS, and a lender's TIN may not be truncated.

  2. 2

    Box 1

    For an acquisition, enter the date the lender acquired the property, generally the earlier of the date title or possession and the burdens and benefits of ownership transferred. For an abandonment, enter the date the lender knew or had reason to know of it, unless a foreclosure or similar sale is expected within 3 months.

  3. 3

    Box 2

    Enter only unpaid principal on the original debt. The instructions say not to include accrued interest or foreclosure costs.

  4. 4

    Box 4

    For a foreclosure, execution or similar sale, enter the FMV, which the instructions say is considered to be the sale proceeds without clear and convincing evidence to the contrary. For an abandonment or voluntary conveyance with box 5 checked, enter the appraised value. Otherwise leave it blank.

  5. 5

    Box 5

    Enter an X if the borrower was personally liable for repayment when the debt was created or, if modified, at the time of the last modification.

  6. 6

    Box 6

    For real property, the instructions say to generally enter the address, or the section, lot and block. For personal property, enter the type, make and model, or a category for several items. Enter CCC for crops forfeited on Commodity Credit Corporation loans.

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When to file, copies and exceptions

When to file

The instructions say to file Form 1099-A in the year following the calendar year in which the lender acquires an interest in the property or first knows or has reason to know it was abandoned. Due dates are in the General Instructions for Certain Information Returns.

Copy A for the IRS

The PDF says not to print and file the Copy A downloaded from IRS.gov, because the online version is not scannable and a penalty may be imposed. Official scannable forms can be ordered at IRS.gov/EmployerForms.

E-filing

The PDF says a filer with 10 or more information returns may be required to e-file, and points to IRS.gov/InfoReturn for e-file options.

Statement to the borrower

A lender that files Form 1099-A furnishes a copy or an acceptable substitute statement to each borrower. The instructions say Copy B is fillable online for this purpose.

Property not reported

The instructions say no reporting is required for tangible personal property, such as a car, securing a loan to an individual and held for personal use, or for property outside the United States when the borrower has given a statement of exempt foreign person status.

Related forms

Who files Form 1099-A?

  • Lenders in a trade or business

    A person who lends money in connection with a trade or business and acquires secured property, or has reason to know it was abandoned. The instructions say the lender need not be in the business of lending money.

  • Governmental units

    The instructions say a governmental unit, or any of its subsidiary agencies, that lends money secured by property files Form 1099-A.

  • Trustees, later holders and other lenders

    For pooled loans, the trustee or record owner files one form per borrower for all owners. A subsequent holder is treated as a lender, and other lenders whose security is impaired by a foreclosure file for their own loans.

  • Borrowers receive Copy B

    A borrower does not file this form. The borrower gets Copy B, and the form says each person who borrowed money on the property with someone else should receive this statement.

  • Lenders also filing Form 1099-C

    If a debt of $600 or more is canceled in the same calendar year in connection with a foreclosure or abandonment, the instructions say the lender may file only Form 1099-C and complete its boxes 4, 5 and 7.

Form 1099-A is completed by the lender, not the borrower. The lender files Copy A with the IRS and furnishes Copy B to each borrower.

Official sources and the blank

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Questions about Form 1099-A

Who files Form 1099-A?

The lender. The About page says a person who lends money in connection with a trade or business files it for each borrower after acquiring secured property or having reason to know the property was abandoned.

Does the borrower file Form 1099-A?

No. Copy B is the borrower's copy, marked keep for your records. Copy B says the borrower may have reportable income or loss and points to Pub. 4681 for the tax consequences.

Does a lender file both Form 1099-A and Form 1099-C?

Not always. The instructions say that if a debt of $600 or more is canceled in the same calendar year in connection with a foreclosure or abandonment, the lender may file only Form 1099-C, completing boxes 4, 5 and 7.

Can the Copy A printed from this page be filed?

The PDF says Copy A downloaded from IRS.gov is for information only and is not scannable, and a penalty may be imposed for filing forms that cannot be scanned. Copy B and the other black copies can be printed for the borrower.

What goes in box 2?

Only unpaid principal on the original debt at the time of acquisition or abandonment. The instructions say not to include accrued interest or foreclosure costs.

What does box 5 show?

Copy B says box 5 shows whether the borrower was personally liable for repayment of the debt when the debt was created or, if modified, when it was last modified.