Please check the code in box 6 of your form. You may well have code H in the box.
Code H — Expiration of nonpayment
testing period. Code H is used to indicate that
the creditor hasn't received a payment on the
debt during a testing period ending on December
31, 2016. The testing period is a 36-month
period increased by the number of months the
creditor was prevented from engaging in collection
activity by a stay in bankruptcy or similar
bar under state or local law. This identifiable
event applies only for a creditor that is a financial
institution or credit union (and certain of
their subsidiaries), the FDIC, the RTC, the
NCUA, any other federal executive agencies,
and any successor or subunit of the FDIC, the
RTC, the NCUA, or a federal executive agency.
If the creditor was prevented from attempting to collect the debt during those 51 months, the creditor is entitled to delay sending out the form.
The only information the IRS has concerning your debt comes from the 1099C. If you feel the form is in error or this debt should not be included in your taxable income for 2016, I suggest contacting the creditor and your local IRS office.
