Do I need to file my 1099-a on my tax return if it’s for Vacation Ownership Interest

[JotikaT2]

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 

[ecgasque80]

Thank you so much!

[AmeliesUncle]

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@JotikaT2 wrote:

If this vacation ownership was for personal use, you would only need to hold on to the form and retain it with your tax records.

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That is wrong.

A 1099-A is treated as a 'sale' on the tax return.  While a 'sale' that results in a loss for personal-use property may not need to be reported (although I would still report it, but as a non-deductible loss), in some cases it result in a GAIN which DOES need to be reported.