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1099-C for deceased filer
I'm administrator for the estate of a taxpayer who died in May 2019. I just got word that a creditor will cancel an outstanding debt and issue an IRS Form 1099-C later this year. Question is, will this be taxable income for the decedent or for the estate? The debt dates from 2012.
‎August 20, 2019
9:20 AM