Say I’m buying my parent’s house, what do they do with the 1099a?
FYI while I haven’t watched all the videos through this site, only one that I have watched on the 1099a has registered as watched ie no check mark appears after completion. Must be a glitch. Perhaps it’s just on my end but thought I’d inform you.
Very grateful for you guys and I appreciate your patience.
Your parents will then act as trustee and have to file the additional forms needed in order to get the funds from the Treasury.
Have you taken the time to go through the course? One of the videos answers your question.
Yes though the site doesn’t reflect it. I’ve been subscribed to Chris’s channel for some time. Picked up on the site via his last video. This is definitely a step up in how it’s been presented.
So, I give her the 1099a and she sends it in along with a 1040v? I’d that correct?
I wish we could get more of a visual step by step but I’m confident it’s coming together right here.
Thank you so much this.
We will eventually publish a course on how to be a trustee... but in the mean time you have Chris' videos in the 1099-A process course explaining the process and one the videos discusses the forms that the trustee would have to file. Please take the time to learn through the course without skipping any content.
1099a rejected by insurance company. Hopefully other people who’ve had success will share how they did so. Told them what they needed to file. To bad I couldn’t explain how to fill any of it out. Seems to be the guarded secret here.