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I didn't get a 1099-C, and yet on previewing my 1040 I see that Schedule 1, line 21, shows $1295 for "Cancelled Debt". Why?
I'm getting ready to submit. I look at my personal income summary in TurboTax and it shows $0 for cancelled debt on 1099-C, but when I review my printed version of 1040 etc., I see $1295 for "Cancelled Debt" on Schedule 1 line 21 and it's included in 1040 Line 6. Why?
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‎June 1, 2019
11:01 AM