I received a 1099c and then received the same 1099c that is marked as corrected. Do I just use the corrected one when I file?

The amount of discharged debt was changed from the amount to $0

posted

Yes, when you get a corrected 1099-C, you just file using the corrected one.

In your case, if the box 2 amount is zero, you don't need to include the form on your tax return at all. That means the cancelled debt is not taxable to you.

Please keep both forms for at least three years after filing, in case there are later questions about the debt cancellation.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I am trying to submit an amended return but when I generate my state forms, my new jersey return uses the correct NJ amended tax return but NY return is not the amended

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

I received a 1099c and then received the same 1099c that is marked as corrected. Do I just use the corrected one when I file?