Help - The 1099-A Process

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Class - 1099-OID, 1096, 1040V Explained.

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Tef

I watched the class a few times, which explained the different boxes on the form. There was no explanation for boxes 7, 12, 13 and 14. I want to be ABSOLUTELY certain when I attempt to explain the usage of the form to someone.


Box 7 is 'Description'. I am assuming that is where one will describe the make, model of a car or the type of home, etc. The instruction manual state that a cusip # should be entered there. Please explain what goes in box 7.


Box 12 is 'state'. I assume I place my state there, correct? Just want to be absolutely sure.


Box13 is 'State ID #. Is that left blank? If not what goes there?


Box 14 is 'State tax withheld'. We don't pay taxes so I'm thinking that will be $0.00 


Thanks in advance for clearing these questions up. I plan on doing this process and showing others how once success is achieved.

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Administrator
Best Answer

Until a fully detailed course is provided on the Trustee Process, you have the option to request a one-on-one private consultation here to get your questions answered https://legalibus.com/contactus

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Tef
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Is there a consultation? If so, how much is it? Is it hourly?