TaxBandits Knowledge Base

Who Must File Form 1099-A?

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.