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choice54
Returning Member

I have 1099-c mortgage debt forgiveness not taxable for federal. Is this taxable for California?

 
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MichaelL1
Level 15

I have 1099-c mortgage debt forgiveness not taxable for federal. Is this taxable for California?

It is taxable yet in CA.  There is a bill pending to change this, however it is not law yet from my research of it.

https://www.ftb.ca.gov/law/legis/15_16bills/ab2234_021816.pdf

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MichaelL1
Level 15

I have 1099-c mortgage debt forgiveness not taxable for federal. Is this taxable for California?

It is taxable yet in CA.  There is a bill pending to change this, however it is not law yet from my research of it.

https://www.ftb.ca.gov/law/legis/15_16bills/ab2234_021816.pdf

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