Last year I had three loans that were in charge-off appear on my 2010 1099-B. The sale or exchange date on each was in 2010. When I checked my list of "Loans in Charge-off" online I saw that one was a loan that was discharged in bankruptcy in 2010 and the other two were paid off in full in 2010. Does this make sense?
This year my 2011 1099-B lists 11 loans with sale or exchange dates ranging from May 2008 to Sept. 2011. Does it make sense that sales or exchanges from previous years appear on the 2011 1099-B? Also, when I look up these loans on my list of "Loans in Charge-off" all of the ones from previous years show a status of "Charge-off, in collections" with no indication of them having been sold, discharged in bankruptcy or otherwise exchanged.