I have a 1099-C form for debt discharged. It says we are liable for repayment of the debt. We gave up the property/points (Marriott Timeshare) & didn't get paid.

ds93mckenzie · ‎June 4, 2019

Is this really a "profit" for us instead of a loss?

I have a 1099-C form for debt discharged. It says we are liable for repayment of the debt. We gave up the property/points (Marriott Timeshare) &amp; didn't get paid.