Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Cancellation of Debt—Principal Residence

Reporting a Foreclosure and Canceled Debt

Click the examples to review three different versions of how a foreclosure was reported on Form 8949 and Schedule D based on the information provided on Form 1099-A.


Failure to report the transaction on Form 8949 and Schedule D may result in an IRS notice to the taxpayer.

Form 1099-A, Acquisition or Abandonment of Secured Property showing Boxes 2, 4, and 5.