Mark for follow up Question 2 of 50. A lender would file Form 1099-A with the IRS and send the taxpayer a copy when the Lender forecloses or repossesses the taxpayer's real property Buyer defaults on a loan secured by real property Lender has canceled debt of the buyer over $600 Seller needs to report mortgage interest paid Mark for follow up Question 3 of 50. A taxpayer will be able to exclude all the income from their canceled debt if they Mark for follow up Question 2 of 50. A lender would file Form 1099-A with the IRS and send the taxpayer a copy when the Lender forecloses or repossesses the taxpayer's real property Buyer defaults on a loan secured by real property Lender has canceled debt of the buyer over $600 Seller needs to report mortgage interest paid Mark for follow up Question 3 of 50. A taxpayer will be able to exclude all the income from their canceled debt if they