1099-A - Data Requirements

See below for all of the required data elements for completing Form 1099-A reporting.

Filing Entity

The legal entity responsible for issuing the forms is the filing entity. The following information must be provided through the Taxbit Dashboard.

Field name	Required
Name	Required
Address	Required
Tax Residency	Required
US TIN	Required
Contact Phone Number	Required

For more information on Filer setup, please refer to the Filer Setup guide.

Please note: If you have multiple filers, make sure you use the correct filer ID for the Accounts associated with each filer.

Account Owner / Account

For ingestion purposes, the only data point required to create or update an Account Owner is the Account ID. This allows you to add Account Owners to the Dashboard while you continue collecting additional information. Taxbit provides reports that identify missing information for Accounts that are eligible for a tax form.

For more information on formatting the Account Owner/Account CSV templates, please refer to this guide: Standard Account Owner/Account - CSV Ingestion Template Guide

The following fields are needed to complete Form 1099-A reporting.

Field name	Required
Account Owner ID	Only required if an Account Owner has multiple Accounts
Account ID	Required
Name	Required
Joint Account Name	If applicable
Address	Required
Tax Residency	Presumed US if unavailable
TIN	Required
Filer ID	Only required if you have multiple filers

Please note: Other fields on the Account Owner / Account model are not required for 1099-A reporting.

Form Data

1099-A uses Form Data rather than transaction data. Form Data should contain the final values to be reported on the form. There should typically be a single row for each Account, although multiple rows for the same Account are accepted when needed.

The following fields use the exact headers in the 1099-A Form Data template.

For more information on formatting the 1099-A Form Data CSV template, please refer to this guide: 1099-A - Form Data CSV Ingestion Template Guide

Field name	Required
Account ID	Required
Date of lender's acquisition or knowledge of abandonment (Box 1)	Required
Balance of principal outstanding (Box 2)	Required
Fair market value of property (Box 4)	Required
If checked, the borrower was personally liable for repayment of the debt (Box 5)	Optional; defaults to FALSE when blank
Description of property (Box 6)	Required