This 1099 A Form 2026 guide explains the IRS Acquisition or Abandonment of Secured Property. Form 1099-A supplies information about property acquisition or abandonment in connection with secured debt. It is not itself a calculation of the borrower gain, loss or cancellation-of-debt income. The debt terms and the property facts determine how the statement connects with return reporting.
Reviewed October 31, 2026. This is an independent guide. The version and availability information below identifies the IRS documents used for this page.
What 1099 A Form 2026 does and who prepares it
A lender reports a covered acquisition or abandonment of property securing a debt.
For the connected reporting route, see Form 1099-C. Keep the role of that document separate from the task explained on this page.
| Official form | Form 1099-A |
|---|---|
| IRS title | Acquisition or Abandonment of Secured Property (Info Copy Only) |
| Guide period | 2026 |
| Target version | Apr 2025 |
| Availability | Current IRS catalog PDF |
| Last checked | October 31, 2026 |
Get the 1099 A Form 2026 PDF and check its status
Use the IRS source to confirm the document before completing a real filing. The download link is a reference to the official file; it is not a statement that every copy inside the PDF may be printed and submitted. Follow any instructions about electronic filing, scannable copies, recipient copies or attachments.
Which version of 1099 A Form 2026 should you use?
The 2026 in the title identifies the tax year or calendar-year information addressed by this guide. For a 2026 income reporting document, the preparation or filing activity may occur in 2027. Do not change the income year simply because the calendar has changed. The exact filing or furnishing date comes from the instructions for this form and the filer circumstances.
Records to gather for 1099 A Form 2026
- Lender statement.
- Debt agreement and recourse information.
- Property basis records.
- Transaction or foreclosure documents.
- Any related debt cancellation statement.
Keep a working reconciliation with these records. It should show the source of each reported item, any correction made before filing and the reason a different amount appears on a connected form. This is especially useful when a statement is corrected or a prior-year balance continues into the current calculation.
How to work through 1099 A Form 2026
- Identify the issuer and recipient. Check which person or entity prepares the information return and which person receives a statement. Use the correct copy and filing route for that role.
- Reconcile the underlying records. Compare the statement with the transaction, payroll, account or payment records. Resolve duplicate reporting and unexplained differences before carrying a total into a return.
- Read boxes and codes separately. Different boxes can describe different tax categories. A gross payment, a taxable amount, a withholding credit and an identifying code should not be combined as if they were one measure.
- Use the correct return treatment. An information return supplies facts. It does not independently establish every deduction, exclusion, credit or final tax result for the recipient.
- Address corrections at the source. Check the issuer correction process for an incorrect statement. If a related tax return has already been filed, review separately whether that return also needs a correction.
Form-specific IRS instructions and reporting details
The following points retain the operative wording of the IRS documents linked above. Read each point with its stated conditions and the applicable form version. References to another form or section describe a connected requirement; they do not mean that every reader must file every referenced document.
For the latest information about developments related to Forms 1099-A and 1099-C and their instructions, such as legislation enacted after they were published, go to IRS.gov/Form1099A and IRS.gov/Form1099C. You can get the General Instructions for Certain Information Returns at IRS.gov/1099GeneralInstructions.
In addition to these specific instructions, you should also use the current General Instructions for Certain Information Returns. Those general instructions include information about the following topics. • Who must file. • When and where to file. • Electronic reporting. • Corrected and void returns. • Statements to recipients. • Taxpayer identification numbers (TINs). • Backup withholding. • Penalties. • Other general topics. Continuous-use revision. Use these instructions for tax year 2025 and subsequent years until a superseding revision is issued. Online fillable Copy B.
To ease statement furnishing requirements, Copy B has been made fillable online in a PDF format available at IRS.gov/Form1099A. You can complete the copy online for furnishing statements to recipients and for retaining in your own files. Guidance for creditors regarding discharged student loans under section 6050P. Rev. Proc. 2020-11 establishes a safe harbor extending relief under Rev. Proc. 2015-57; Rev. Proc. 2017-24, 2017-7 I.R.B. 916; and Rev. Proc. 2018-39. See Rev. Proc. 2020-11, available at IRS.gov/irb/2020-06_IRB#REV-PROC-2020-11, to determine whether a creditor or taxpayer qualifies for relief. See Student loan indebtedness under Exceptions, later.
File Form 1099-C if you are any of the following. 1. A financial institution described in section 581 or 591(a) (such as a domestic bank, trust company, building and loan association, or savings and loan association).
Additional reporting conditions
A debt is any amount owed to you, including stated principal, stated interest, fees, penalties, administrative costs, and fines. The amount of debt canceled may be all or only part of the total amount owed. However, for a lending transaction, you are required to report only the stated principal. See Exceptions, later.
The account number is required if you have multiple accounts for a debtor for whom you are filing more than one Form 1099-C. Additionally, the IRS encourages you to designate an account number for all Forms 1099-C that you file. See part L in the current General Instructions for Certain Information Returns.
Calculations and supporting information
For debts of $10,000 or more incurred after December 31, 1994, that involve debtors who are jointly and severally liable for the debt, you must report the entire amount of the canceled debt on each debtor's Form 1099-C. Multiple debtors are jointly and severally liable for a debt if there is no clear and convincing evidence to the contrary. If it can be shown that joint and several liability does not exist, a Form 1099-C is required for each debtor for whom you canceled a debt of $600 or more.
For debts incurred before January 1, 1995, and for debts of less than $10,000 incurred after December 31, 1994, you must file Form 1099-C only for the primary (or first-named) debtor. If you know or have reason to know that the multiple debtors were husband and wife who were living at the same address when the debt was incurred, and you have no information that these circumstances have changed, you may file only one Form 1099-C.
Enter the amount of the canceled debt. See Debt Defined and Exceptions, earlier. The amount of the canceled debt cannot be greater than the total debt less any amount the lender receives in satisfaction of the debt by means of a settlement agreement, foreclosure sale, a short sale that partially satisfied the debt, etc.
If you are required to file Form 1099-C, you must retain a copy of that form or be able to reconstruct the data for at least 4 years from the due date of the return.
Exceptions and related reporting
Enter any interest you included in the canceled debt in box 2. You are not required to report interest in box 2. But if you do, you must also report it in box 3.
Enter the date of the identifiable event. See When Is a Debt Canceled, earlier. However, if you actually cancel a debt before an identifiable event and you choose to report that cancellation, enter the date that you actually canceled the debt.
Enter a description of the origin of the debt, such as student loan, mortgage, or credit card expenditure. Be as specific as possible. If you are filing a combined Form 1099-C and 1099-A, include a description of the property.
If the debtor was personally liable for repayment of the debt at the time the debt was created or, if modified, at the time of the last modification, enter an “X” in the checkbox.
Enter the appropriate code to report the nature of the identifiable event. For more information about the code to use when reporting each identifiable event, see When Is a Debt Canceled, earlier, and Regulations section 1.6050P-1(b)(2). Also see Pub. 4681.
If you are filing a combined Form 1099-C and 1099-A for a foreclosure, execution, or similar sale, enter the FMV of the property. Generally, the gross foreclosure bid price is considered to be the FMV. If an abandonment or voluntary conveyance to the lender in lieu of foreclosure occurred, enter the appraised value of the property.
Reading the lines and boxes
These selected labels come from the linked target PDF. They are a reading aid, not a replacement for the full line instructions or a completed calculation. Match the label and document version before transferring any amount.
| Line or box | Label in the source form | What to check |
|---|---|---|
| 1 | Date of lender’s acquisition or 2 Balance of principal | Use the date or tax period requested by this particular field. A payment date, acquisition date and return year can describe different facts. |
| 5 | Check if the borrower was personally liable for repayment of | Reconcile the relevant payment or withholding record with the tax period and category requested here. A reported payment is not necessarily the final tax liability. |
| 5 | If checked, the borrower was personally liable for repayment | Reconcile the relevant payment or withholding record with the tax period and category requested here. A reported payment is not necessarily the final tax liability. |
A practical example
A borrower receives information about a lender acquisition of collateral. The borrower gathers the loan and property records and checks whether there is also a debt cancellation event before determining the required return entries.
This example illustrates the order of the review. It does not assume an unverified deduction, exemption, treaty rate or final tax amount. The applicable form instructions and the actual records determine the result.
Common mistakes to avoid with 1099 A Form 2026
- Do not assume the debt balance and property value are interchangeable.
- A property disposition and debt cancellation can require separate analyses.
- Reconcile related statements to avoid reporting one event twice.
Questions about 1099 A Form 2026
Does receiving or downloading this form mean I must file it?
A lender reports a covered acquisition or abandonment of property securing a debt. The form purpose and the applicable filing or furnishing conditions determine the action. Downloading a blank PDF does not itself create a filing obligation or establish eligibility for a tax benefit.
Is the revision date always the same as the tax year?
No. Some forms show a tax year, while continuing-use forms show a revision date and ask separately for the reporting period. Check the actual document and instructions. Do not relabel a payment or transaction solely because it was reported in a later calendar year.
What should I do if the underlying information is wrong?
Do not assume the debt balance and property value are interchangeable. Keep the original record and the correction trail. The issuer correction process, an amended return and an updated certificate can be different procedures. Choose the process that matches the document and the actual error.
Which records should I keep with the completed form?
Retain the source documents, applicable worksheets, submitted version and filing or furnishing confirmations. For this form, the working file should include lender statement, debt agreement and recourse information, property basis records. Keep continuing balances and prior-year support for as long as they remain relevant under the applicable recordkeeping rules.
Related forms and next steps
Use these guides when the connected issue applies to your records. Each page has its own purpose, reporting year and availability status.