TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


1099A Abandoned Property

February 11, 2010

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