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Step 1
Call (800) TAX-FORM or visit the IRS online form ordering website (see Resources below) to obtain acceptable copies of Form 1099-A to send to recipients. Although Form 1099-A is available for viewing online, the e-version of the form is unacceptable to send to taxpayers or the Internal Revenue Service.
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Step 2
Check the "Void" or "Corrected" box at the top of the 1099 form if applicable. Enter the Lender's name, street address, city, state, ZIP code and telephone number in the first box.
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Step 3
Enter the Lender's federal identification number and the borrower's identification number (usually a Social Security number) in the two boxes beneath the first box. Below this, list the borrower's name, street address (including apartment number), city, state and ZIP code. Enter the account or loan number that is associated with this transaction.
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Step 4
List the date of your (the lender's) acquisition of the home (by a method such as foreclosure or an execution sale) or knowledge of abandonment in Box 1. In Box 2, show the debt (principal only; do not include interest in this figure) owed to you by the homeowner as of the date in Box 1. Box 3 is intentionally left blank.
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Step 5
Show the fair market value of the property in Box 4. In Box 5, note if the borrower was personally liable for repayment of the loan debt by checking "Yes" or "No." Enter a description of the affected property in Box 6.
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Step 6
File Form 1099-A with the IRS; also send a copy to the homeowner. Check the IRS official website (see Resources below) for specific instructions as to the filing deadline for Form 1099-A; it changes annually.
