I received the original paperwork that my debt was forgiven in July 2017. However the 1099C says aug 2017. It's a second mortgage. My ex husband also received a form for the same amount bc the mortgages are in both our names. But he received a 1099c under his name alone with the SAME amount. Do we split the amount???how does this get entered?? I file HOH w my kids.
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Tip: If your creditor is still trying to collect on your debt, it's not considered cancelled, forgiven, or discharged. There is no taxable income to report, not even if you got a 1099-C from the creditor.
To enter your 1099-C:
Follow the onscreen instructions to enter information from your 1099-C.
Tip: If your creditor is still trying to collect on your debt, it's not considered cancelled, forgiven, or discharged. There is no taxable income to report, not even if you got a 1099-C from the creditor.
To enter your 1099-C:
Follow the onscreen instructions to enter information from your 1099-C.
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