Thank you so much for this breakdown! I was struggling to find how to enter the 1099-a info to the return and this is the first video I found that gives a comprehensive breakdown after looking for hours.
What I understand by tangible personal property is that which is movable like machinery, furniture, computer etc..whereas real property means non movable, attached to land like building
Hers wher the difference comes, when your considered an entity and that mean a business, stock or non human and in essence you are a businees and the lender is using your money to loan to you and that makes you the lendor to the bank ho is debtor and you dont like they used your money to loan oithers and have been paid on the loan out of our trust, so they are damaged. We are commercial law inase you wondered
Thank you so much for this breakdown! I was struggling to find how to enter the 1099-a info to the return and this is the first video I found that gives a comprehensive breakdown after looking for hours.
So, in your example regarding the real property, since the lender received more than the debt owed, will he issue a 1099-C to the taxpayer? Thank you!
CAUTION! Misinformation on 1099A, individuals may be a Secure Party Credit. Not only Bankster. Key IRS instructions "and person that lend money"
Right info, wrong crowd
Thank you brother from another mother ayeeeeeeeeee 🥇 GOD SUNT YOU RIGHT IN TIME! THANK YOU SO KINDLY!
You are missing the fact that Adam was the creditor. I can’t even listen To this
Salute Jason Where can I get these forms ?
I received 1099a for personal property with amt in box 2 for 234730 and fmv 144000 how to do i report it. Its from tax yr 2018 can u help me
its confusing. what is the difference between tangible personal property and real property? how you determine which is which?
What I understand by tangible personal property is that which is movable like machinery, furniture, computer etc..whereas real property means non movable, attached to land like building
Lender issues this to the borrower ?
Hers wher the difference comes, when your considered an entity and that mean a business, stock or non human and in essence you are a businees and the lender is using your money to loan to you and that makes you the lendor to the bank ho is debtor and you dont like they used your money to loan oithers and have been paid on the loan out of our trust, so they are damaged. We are commercial law inase you wondered
Never check that box!
You sound like a prosecutor who side are you on?
This was not helpful this a complete disaster!!!