https://ttlc.intuit.com/community/taxes/discussion/my-husband-is-paying-a-debt-consolidations-company-over-1100-month-to-negotiate-with-an-pay-off/01/396287#M163687 <P>We are paying over $13,000/year to pay consolidation company</P> Tue, 04 Jun 2019 19:42:30 GMT mary-P 2019-06-04T19:42:30Z https://ttlc.intuit.com/community/taxes/discussion/my-husband-is-paying-a-debt-consolidations-company-over-1100-month-to-negotiate-with-an-pay-off/01/396287#M163687 <P>We are paying over $13,000/year to pay consolidation company</P> Tue, 04 Jun 2019 19:42:30 GMT https://ttlc.intuit.com/community/taxes/discussion/my-husband-is-paying-a-debt-consolidations-company-over-1100-month-to-negotiate-with-an-pay-off/01/396287#M163687 mary-P 2019-06-04T19:42:30Z https://ttlc.intuit.com/community/taxes/discussion/sounds-like-you-agreed-to-a-reduced-price-on-the-debt-tha/01/396303#M163695 Sounds like you agreed to a reduced price on the debt that youre paying off...so that debt that the credit card companies canceled becomes income to you. Tue, 04 Jun 2019 19:42:31 GMT https://ttlc.intuit.com/community/taxes/discussion/sounds-like-you-agreed-to-a-reduced-price-on-the-debt-tha/01/396303#M163695 Lisa995 2019-06-04T19:42:31Z https://ttlc.intuit.com/community/taxes/discussion/you-have-made-two-comments-and-no-question-i-assume-it/01/396308#M163698 <P>You have made two comments, and no question. I assume it's concerning the 1099-C? You have to pay tax on that money. Since you borrowed the money and now will not be paying it back, it's taxable income to you. You'll report it in the Less Common Income tab&nbsp; under Personal Income, when you get to that point in the program. <BR /></P> Tue, 04 Jun 2019 19:42:34 GMT https://ttlc.intuit.com/community/taxes/discussion/you-have-made-two-comments-and-no-question-i-assume-it/01/396308#M163698 Carl 2019-06-04T19:42:34Z