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Several years ago, I received several 1099-Cs for cancelled debt. I have repaid some of those debts this year. Will I receive updated 1099-Cs to reflect that this year?
Meaning, will the amount paid be deducted for my 2021 taxable income, or would I have to file an amended return for the previous year? Or, will nothing happen?
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‎September 10, 2021
7:50 AM