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)
02629
1 Best answer
AmyT
New Member
May 31, 2019 9:26:31 PM
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.
2 Replies
AmyT
New Member
May 31, 2019 9:26:31 PM
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.