TaxMamas TaxQuips: Tax Quips
1099A Abandoned Property
Today TaxMama hears from Sylvia in the TaxQuips forum, with this terse question. “Box 2 $160,000 Box 4 $150,000. Adj Basis $210,000. Which Form (982)? and which lines to use.â€
Dear Sylvia,
You have two things happening here on Form 1099-A