Good afternoon. First, the 1099-A is simply an informational notice given when you have walked away from a property secured by debt. It is not necessary to include any amounts on the 1099-A on your tax return. It has not been forgiven, so it's not income to you yet. Only when you get issued a 1099-C would it indicate the debt had been forgiven and then it would be forgiveness of indebtedness resulting income. And, then the forgiveness amount that is income is only the excess of the amount forgiven less the value of the property being given up. BotXXXXX XXXXXne, you need do nothing with the amounts on 1099-A.
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