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posted Mar 30, 2025 11:45:33 AM

The 1099A is incorrect because there is an amount in pt III and 0 in B & C. The program is stating that 0 can't be in B&C. Can PT III have 0.00 in B&C?

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1 Replies
Expert Alumni
Mar 31, 2025 7:44:53 AM

Where in TurboTax are you posting the Form 1099-A  Acquisition or Abandonment of Secured Property

 

TurboTax asks do you Have a 1099-A?

  • If it's for personal property, such as a home or a car, you don't need to report it in your return. 
    • Keep this form for your records in case you get a 1099-C that indicates the debt has actually been forgiven.
  • If it's for business or investment related property, such as a rental property or company car, please consult a professional, or 
    • see IRS publications 544 and 4681 before continuing.