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null154
New Member

1099-C Debt Forgiveness. I have paid Bank of America a substantial amount and was forgiven for some. They will not be sending me a 1099-C (confirmed this am), now what?

The IRS site is not helpful for my question on claiming or not.
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1 Reply
PaulaM
Employee Tax Expert

1099-C Debt Forgiveness. I have paid Bank of America a substantial amount and was forgiven for some. They will not be sending me a 1099-C (confirmed this am), now what?

If your canceled debt qualifies for an exclusion or an exception, then you would not include it. See below.

https://ttlc.intuit.com/replies/3300645

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