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The 1099-C form is specifically used to report income related to cancellation of debt. The IRS considers forgiven debt as income.
To enter your 1099-C:
If I decide to withdrawal from social security will this income reported still affect my daughters income since she gets SSI an I’m her payee or just mine
If I decide to withdrawal from social security will this income reported still affect my daughters income since she gets SSI an I’m her payee or just mine
I have a question I recieve SSI an was told that I have income that was either canceled or forgiven reported the IRS that got reported to SSI my question is if I withdrawal from recieving benefits will this still effect my daughters SSI
This is a question for the Social Security Administration (SSA). Unfortunately we cannot answer that question for you here because we answer questions related to your tax situation. We are tax experts and cannot offer information related to the rules of Supplemental Security Income (SSI).
You may start to find the information you need at the following link:
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