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Get your taxes done using TurboTax
You have made two comments, and no question. I assume it's concerning the 1099-C? You have to pay tax on that money. Since you borrowed the money and now will not be paying it back, it's taxable income to you. You'll report it in the Less Common Income tab under Personal Income, when you get to that point in the program.
‎June 4, 2019
12:42 PM