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.

Thanks

Are you filing more than one form???

The account number is required if you have multiple accounts for a borrower for whom you are filing more than one Form 1099-A.

We attended a webinar last month and this same question was asked. Here's what we were told:
1099-A: Cross Collateralized property – complete one form per property. You aggregate all of the debt covered by the property on the one form.

Thank you. I will only need to file one form.