ILLMAS Posted March 31, 2009 Report Share Posted March 31, 2009 TP has recieved two 1099-A for the same property, one is for the mortgage and the other from the line of credit. Amounts for the Balance of principal out (Box 3) and FMV (Box 4) are different?? The difference on box 3 is $5,208.08 and box 4 is $45,059.74 Do I need to enter both 1099-A and use the lower FMV and principal out? Thanks, Quote Link to comment Share on other sites More sharing options...
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