1099 B

1099 ABB Process Simplified

1099 ABB Worksheet

Pre-requisite: You must have a Revocable Living Trust and a Trust EIN to kill the state's presumption of guardianship [6].

*For auto loans, use (Down Payment + All Payments Made). For mortgages/deposits, use the total principal [7, 8].

Generated Filing Data

Form 1099-A
Description: Real Money Monetized
Box 5 (Lender/Borrower): User (Creditor)
Form 1099-B #1 (You as Payer)
Barter Amount (10x):
$0
CUSIP/SSN Identifer:
XXXX
Form 1099-B #2 (Bank as Payer)
Cost Basis / Proceeds:
$0
Fed Tax Withheld (24%):
$0

*This 24% tax withholding is what will appear on your IRS transcripts [5].

Trust & Settlement Generator

Trust Settlement Generator

This tool generates a "Notice of Appointment" and action plan based on the 5-Minute 1099 ABB Workout protocol.