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Do both borrower & cosigner file 1099-C?
Do both the borrower & cosigner have to file a form 1099-C on their federal income taxes for canceled private student loan debt sent to collections due to cosigner's Chapter 13 bankruptcy? The cosigner never made a payment throughout life of loan, even before it was sent to collections. Only borrower made payments.
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‎February 5, 2021
9:47 AM