IRS Form 1099-A and 1099-C are two different income tax forms, but both are used to report different types of debt cancellations or acquisitions to the IRS. Here are the differences between the two forms: Purpose: Form 1099-A is used to report the acquisition or abandonment of secured property that is used for business or investment purposes. Form 1099-C is used to report cancellation of debt of $600 or more. Reporting Entity: Form 1099-A is issued by a lender or other entity that acquires an interest in secured property through foreclosure or abandonment. Form 1099-C is issued by a lender or creditor that cancels a debt owed by a debtor. Information Reported: Form 1099-A reports the acquisition or abandonment of secured property and includes information such as the date of acquisition or abandonment, the fair market value of the property, and the outstanding principal balance of the loan. Form 1099-C reports the cancellation of debt and includes information such as the amount of debt canceled, the date of cancellation, and the reason for cancellation.