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If I get a 1099-C with a Code F do I need to file it?

Paid an old car loan debt settled for less then org. amount.
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2 Replies
MargaretL
Expert Alumni

If I get a 1099-C with a Code F do I need to file it?

Yes, you do have to file 1099-C.  All code F means is that the debt is cancelled as a result of agreement. But it is cancelled and therefore needs to be reported. 

If I get a 1099-C with a Code F do I need to file it?

How do I send it
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