I am trying to fill out Forms 1099-A for a customer who had more than one commercial loan. The loans were, for the most part, cross-collateralized using the same collateral. Does anyone know if it is acceptable to use the total value of the collateral and reference all the loan numbers on the form? I looked at the instructions and it did not give any direction for this situation.
Just my 2 cents worth--for what its worth!!