Tax Year Prior to 2020: Is 1099-A taxable? I'm receiving conflicting information on your site

[KarenL2]

If it is for personal property, then you don't need to report it on your taxes.  Hang onto it though, as you might need information from it if you also receive a 1099-C - Cancellation of Debt. 

If it is for business or investment property, it does need to be reported as a disposition (sale) and is potentially taxable income.

What do I do with Form 1099-A?

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