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I got a 1099-c for a personal loan. Does that mean I don’t have to pay it back? Or I only have to pay back the settlement amount, if anything? Does it affect taxes?
			
				
					
					
						I received it for a loan that was supposed to be settled. The settlement company says it’s not settled on their end but I got a 1099c for it. They can’t tell me that if there is a settlement, do I need to pay back the settlement amount, or do I not need to pay it at all? If there is a settlement, and it’s not paid, what could happen? How does it affect my taxes? I’m so confused
					
				
			
			
				
			
			
			
			
			
			
			
		
		
		
	
	
	
		
			
				
						
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		February 3, 2024
	
		
		4:38 PM