Discussion:1099-A Box 5 Wrong

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Discussion Forum Index --> Advanced Tax Questions --> 1099-A Box 5 Wrong

Discussion Forum Index --> Tax Questions --> 1099-A Box 5 Wrong

IDrinkYour Milkshake (talk|edits) said:

12 April 2010
Any comments or feedback is appreciated.

1099-C received showing "yes" in box 5. Problem is this loan was non-recourse (100% sure). Lender is refusing to correct. I am planning on treating the foreclosure as non-recourse and attach a statement explaining the error. This is important because the property is investment property. Suggestions?

DaveFogel (talk|edits) said:

12 April 2010
Agree with your plan. Lenders are making a lot of errors on these forms and aren't willing (or don't have the time) to correct them.

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