Thanks for clarifying this. That is where I thought it should go but was not sure.
Question - If the 1099-C is in the name of a corporation, and the corporation is owned by an estate. Can the forgiven debt be recorded against the estate's taxes. Because of this 1099-C the corporation now owes $13k, the estate only has $5k. This was the estate would become insolvent. - Or would the assests of the corp
now come into play?
Thanks
Brian
