AmyC
Expert Alumni

Education

it depends on why your debt was forgiven. See Can Debt Forgiveness Cause a Student Loan Tax Bomb?

Enter the 1099-C and go through the questions to be properly reported. How do I enter a 1099-C?

Your state may tax or exempt regardless of the federal so check state law as well. You can reply with the state for us to help.

 

Reference: Topic 431

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"