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How to E-file Form 1099-A Online for 2023 with TaxBandits?

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Choose Form 1099-A

Select the Form 1099-A, choose the appropriate tax year and proceed. With TaxBandits you can file your Form 1099-A for current and previous tax years.

Enter the Form Details

Enter the required information on the Form 1099-A either manually or bulk upload through custom CSV/Excel templates.

Review Form information

Review the information entered on the Form 1099-A and make necessary changes if needed.

Transmit your Form 1099-A to the IRS

After reviewing the form, transmit the completed Form 1099-A to the IRS and State.

Distribute Recipient Copy (Online/Postal)

You can opt to distribute your recipient copies either through postal mailing or secure online portal.

Are you ready to begin e-filing your 1099-A Form? File in minutes with TaxBandits!

What Information is Required to File Form 1099-A Electronically?

TaxBandits for Every Business 2023 IRS Form 1099-A
  • 1. Lender Details: Lender’s Name,TIN, and Address.
  • 2. Borrower Details: Borrower’s Name, TIN, and Address.
  • 3. Date of lender’s acquisition or knowledge of abandonment.
  • 4. Balance of principal outstanding.
  • 5. Fair Market Value (FMV) of property.
  • 6. Description of the property.

Completing Form 1099-A is a simple process with TaxBandits, you can enter the form information manually.
Learn more about IRS Form 1099-A Instructions .

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Internal Audit Check

TaxBandits audits your forms for accuracy using the IRS Business Rules and IRS Schema Validations.

Postal Mail and Online Access

Postal Mail and Online Access

TaxBandits offers options for distributing recipient copies by mail or through secure online access.

 Access to Form Copies

Access to Form Copies

TaxBandits stores the forms that you file securely in your account so that you can access them at any time.

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Advanced Security

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Frequently Asked Questions about
Form 1099-A

What Is The IRS Form 1099-A?

IRS Form 1099-A is also called Acquisition or Abandonment of Secured Property, issued by a lender to report the foreclosure or repossession of a property. In other words, when a property is foreclosed by the bank or lender, the owner/borrower will receive Form 1099-A in the year following the calendar year in which the lender acquires the property.

Who Is Required To File Form 1099-A?

The Form 1099-A is typically filed by lenders such as banks, mortgage companies, and other financial institutions who have acquired or abandoned secured property. The lender must file Form 1099-A with the IRS and provide a copy of the form to the borrower after the calendar year in which they acquired
the property.

The property can be any real estate property, intangible property, and tangible property except auto-used for personal use.

When you file Form 1099-A electronically with TaxBandits, you can easily distribute recipient copies by mail or through secure online access. Get started today

Who Is Required To File Form 1096?

IRS Form 1096 is also called the Annual Summary and Transmittal of U.S. Information Returns and is used to summarize the Form 1099-A and other 1099 forms that are filed with the IRS.

Form 1096 is only required if you are filing paper copies of Forms 1099. You are not required to submit this form when you file Form 1099-A electronically, however, TaxBandits generates a copy in your account for record
keeping purposes.

When Is The Deadline To File Form 1099-A?

The Form 1099-A deadline to distribute recipient copies is January 31. For paper filing with the IRS, it must be submitted by February 28. Finally, when filing electronically, the deadline is April 1.

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Note: If the deadline falls on a weekend or public holiday, the deadline automatically switches to the next business day.

How To Fill Out A 1099-A Form?

The Form 1099-A contains 6 boxes (fields), including one check box. Each box requires specific information. This is a complete breakdown of each box and the information that is needed to report in form.

General Information

The IRS requires the following information of Lender and Borrower on Form 1099-A

Lender Information

  • Lender’s Name
  • Lender’s TIN
  • Lender’s Address

Borrower Information

  • Borrower’s Name
  • Borrower’s TIN
  • Borrower’s Address

Form 1099-A contains 6 boxes, requiring the following information:

  • Box 1: Date of lender’s acquisition or knowledge of abandonment

    Enter the date that the lender acquired the property.

  • Box 2: Balance of principal outstanding

    Enter the outstanding principal on the loan when the lender acquires
    the property.

  • Box 3: Reserved for future use

    This box can be left blank, no information is required here.

  • Box 4: Fair market value of property

    Enter the Fair market value of the property.

  • Box 5: Check if the borrower was personally liable for repayment of the debt.

    Check the box if the borrower was personally liable for the debt.

  • Box 6: Description of property

    Enter the description of the property, such as an address, section, lot,
    block, etc.

What Are The Form 1099-A Copies?

There are three copies of IRS Form 1099-A that are required to be filed or distributed to different parties. Here is a breakdown of the different 1099-A copies.

  • Copy A: This copy of the form is filed with the IRS by the lenders.
  • Copy B: This copy of the form should be furnished to the borrower.
  • Copy C: This copy of the form is retained by the lender for record purpose.

What are the Late Filing Penalties for Form 1099-A?

Failing to file Forms 1099-A before the deadline can result in 1099 penalties.

Time return Filed/Furnished Minimum Penalties Maximum Penalties For Small Business Maximum Penalties For Large Business

Filed within 30 days from the deadline

$60 per return



Filed after 30 days and before
August 1

$120 per return



Filed after August 1

$310 per return



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