Question

I have a 1099-A form From Wyndham Vacation Resorts, Inc. I don’t want to pay to add it. Do I need to file with other tax forms for 2020 tax year?

Forum|Forum|5 years ago
April 3, 2021
1 reply
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I do not want to pay $59 out of my tax return to file this form if it is not required.

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At this point, you don't need to do anything. However, if you get a 1099-C, you will need to enter it.

You may get Form 1099-A (Acquisition or Abandonment of Secured Property) if your lender foreclosed on your mortgage or repossessed property as a result of a defaulted loan.

If your 1099-A is for personal property, like your personal residence or automobile, you don't need to report it. However, hang on to this form and keep it with your tax records.

On the other hand, if you got a 1099-A for business or investment property (like a rental), we highly recommend that you consult a tax professional for further advice.

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