It depends.
Form 1099-A would only need to be used when filing your tax return if it was received as part of a business or investment property. If this vacation ownership was for personal use and you had a loss, you would only need to hold on to the form and retain it with your tax records. However, if the abandonment results in a gain, you would need to report any gains on your tax return when you file.
Please also see What Is IRS Form 1099-A (Acquisition or Abandonment of Secured Property)? for more details on this form.
[Edited 7/22/2025|12:45PM PST]
@ecgasque80
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