Should I report a cancellation of student loan debt the year it was negotiated (in 2016) or after I have completed paying back the remainder of the debt? (I haven't yet paid it off)

[AmyT · Accepted solution]

Cancellation of debt income is reported when you receive 1099-C.

If you have not received this form for 2016, do not include it in your income.

[mclarke4]

Thank you very much for your fast response!