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mclarke4
New Member

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)

 
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AmyT
New Member

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)

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.

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2 Replies
AmyT
New Member

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)

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
New Member

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)

Thank you very much for your fast response!
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