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Get your taxes done using TurboTax
You'd need to file your 1099-C on your return for the year shown in the box that says OMB No. 1545-1424 on your Form 1099-C, Cancellation of Debt.
Income is generally reported in the year received or, in the case of 1099-C, when the debt is cancelled.
ā€ˇFebruary 10, 2021
9:41 AM