Do you mean a 1099-C or a 1099-A rather than a 1099-R?
If it is a 1099-C, what is the date of identifiable event in box 1?
Was there ever a personal bankruptcy which addressed this debt?
Did you actually sign for the debt as a 17-year-old?
Does your state allow a 17-year-old to sign a promissory note?
You may or may not have qualified principal residence debt. This Commerce Clearing House website states:
The discharge, before January 1, 2026, of qualified principal residence debt is excluded from gross income. Qualified principal residence debt is any debt incurred by the borrower to purchase, build, or substantially improve the borrower's principal residence. To qualify, the loan must be secured by the principal residence.
Please provide answers to these questions and someone here will be able to give you guidance.
However, you also may want to seek competent legal advice.
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