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1099a abondoned property of senior

I am a senior who received a 1090a form regarding abandoned property. Do I have to put on taxes and if so will I have to pay any money?

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1 Reply
DaveF1006
Expert Alumni

1099a abondoned property of senior

Can you provide more details about your abandoned property?

 

  • Type of property
  • Why was it abandoned, is this due to bankruptcy?
  • What is recorded in Box 2 on the 1099
  • What is recorded on Box 4
  • Is the box checked indicating you are personally liable for the repayment of the debt

 

 

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