turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I filed bankruptcy in 2018 and Bluegreen sent me a 1099-A The timeshare was included in the bankruptcy. Do I need to report this. If I do how do I get the 1099-A page ?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
AlanT222
Expert Alumni

I filed bankruptcy in 2018 and Bluegreen sent me a 1099-A The timeshare was included in the bankruptcy. Do I need to report this. If I do how do I get the 1099-A page ?

You may get Form 1099-A (Acquisition or Abandonment of Secured Property) if your lender foreclosed on your mortgage or repossessed property as a result of a defaulted loan.

If your 1099-A is for personal property, like your personal residence or automobile, you don't need to report it. However, hang onto this form and keep it with your tax records.

On the other hand, if you got a 1099-A for business or investment property (like a rental), we highly recommend that you consult a tax professional for further advice.

 

The Timeshare would be considered personal property.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

2 Replies
AlanT222
Expert Alumni

I filed bankruptcy in 2018 and Bluegreen sent me a 1099-A The timeshare was included in the bankruptcy. Do I need to report this. If I do how do I get the 1099-A page ?

You may get Form 1099-A (Acquisition or Abandonment of Secured Property) if your lender foreclosed on your mortgage or repossessed property as a result of a defaulted loan.

If your 1099-A is for personal property, like your personal residence or automobile, you don't need to report it. However, hang onto this form and keep it with your tax records.

On the other hand, if you got a 1099-A for business or investment property (like a rental), we highly recommend that you consult a tax professional for further advice.

 

The Timeshare would be considered personal property.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I filed bankruptcy in 2018 and Bluegreen sent me a 1099-A The timeshare was included in the bankruptcy. Do I need to report this. If I do how do I get the 1099-A page ?

What lawyer did you use? I need one to file bankruptcy also. 

 

Thanks

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies