my husband and I had to file bank ruptcy in 2018, when we filed we had to change our bank accounts to new ones. the only automatic draft we could not reach was metropolitan life to change the bank account. metropolitan life cancelled the policy on 12/10/2018 for non payment. we received a letter advising us of this and letting we would be receiving a 1099. when we received the 1099 it was a 1099r instead of a 1099c for a cancelled debt. my husband finally found a phone number in the letter and called to see if he could renew the policy and was told that if he did reactivate the policy we would need to pay over 50,000.00 dollars to pay off the old loans that we had against the policy. when we received the 1099 the gross distribution for old loans was 52,362.57 and the taxable amount was 21,477.27 and the worth of the policy was 30,885.30 we need to know if the 21 thousand should have been on a 1099c because this was money that we received between 1975 and 1995, and if so do we need to file an amended tax return. thank you lila julian
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