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Frequently Asked Questions

When to use 1099 form?

The 1099-A form is usually used to help taxpayers accurately report a home foreclosure on that year's federal income tax return. This form is normally issued when a homeowner fails to make timely payments on a home loan, and the lender repossesses the house.

When are you required to file 1099?

1099-Rs are required to be issued by January 31 of the current year, for reportable transactions that occurred during the previous year. If January 31 falls on a weekend or legal holiday, the deadline is extended to the next business day.


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