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Level 1

Solved

1099-C for deceased spouse

Forum|Forum|7 years ago
June 1, 2019
5 replies
88 views

My wife died in 2015. A few months later, a credit card company "forgave" the debt remaining on her credit card (sole owner) due to her death. Yesterday, I received a 1099-C form (in my late wife's name) from that same credit card company. What do I do with this form? Thank you.

Best answer by

Assuming the Form 1099-C's tax year states 2016 and if she had an estate established, then the estate would be responsible for paying the tax on the income. In the absence of an estate, then you have nothing to report.

A

Anonymous

Answer

Assuming the Form 1099-C's tax year states 2016 and if she had an estate established, then the estate would be responsible for paying the tax on the income. In the absence of an estate, then you have nothing to report.

Level 2

I am looking for some documentation that the 1099-C income does not have to be reported.

The one I received is from 2019 for a taxpayer who passed away in 2017. The final return was

filed then and there was no estate. The closest I have found is that it is not taxable if the taxpayer

is insolvent.

Level 2

what if the deceased left an IRA to an heir? Can the IRS put a lien on it?

Level 15

If the debt was forgiven, it is assumed the person had been found to be insolvent.

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