I cancelled a Disney time share and received a 1099-c "Cancellation of Debt" for 2019. The amount of debt "discharged" is approximately $15k. I did not receive any money/income from Disney as a part of the discharge. Do I have to pay income tax on the $15k that Disney has "cancelled" even though I did not receive any of it?
It was not a "residence" that I know of. Only a timeshare.
The cancellation was done by a third-party company of my behalf.
