I received a corrected 1099c from 2014. The amount of canceled debt is $5,000 less than the original so would it be in my favor to amend?

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Assuming you included that $5,000 as taxable income on your 2014 return, then yes, it would obviously be in your favor to amend.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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Assuming you included that $5,000 as taxable income on your 2014 return, then yes, it would obviously be in your favor to amend.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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