Who Must File Form 1099-A?
165 views | Last modified 10/16/2023 9:00:59 AM EST | Added by TaxBandits Team

In general, Form 1099-A must be filed by lenders or other financial institutions who acquire an interest in secured property that was used as collateral for a loan when the borrower abandons or transfers the property.

Examples of entities that may be required to file Form 1099-A include banks, mortgage companies, credit unions, and government agencies that hold loans secured by property.