Hello, we had a cancelled debt in 2018 but we have not received a 1099-C form. Do we report this cancellation for 2018? It's February 28 as of today. Thank you.

[IreneS · Accepted solution]

No - If you did not receive a 1099-C form in 2019, you do not have to include the cancellation of debt in your 2019 return.  You will have to include it in the return for the year you do receive the 1099-C.

[Bsch4477]

If you had debt cancelled in 2018 you report it on your 2018 return.  You may not get the form if the cancelled debt was less than $600.  It is best to call the creditor if you expect to receive one in order to prevent you from having to amend your return.