topic I am wondering how much must be settled on to get a 1099-C for canceled debt. I have heard $500 and I have heard $600. in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/i-am-wondering-how-much-must-be-settled-on-to-get-a-1099-c-for-canceled-debt-i-have-heard-500-and-i/01/82363#M35135 Sat, 01 Jun 2019 03:08:03 GMT tcboultinghouse 2019-06-01T03:08:03Z I am wondering how much must be settled on to get a 1099-C for canceled debt. I have heard $500 and I have heard $600. https://ttlc.intuit.com/community/taxes/discussion/i-am-wondering-how-much-must-be-settled-on-to-get-a-1099-c-for-canceled-debt-i-have-heard-500-and-i/01/82363#M35135 Sat, 01 Jun 2019 03:08:03 GMT https://ttlc.intuit.com/community/taxes/discussion/i-am-wondering-how-much-must-be-settled-on-to-get-a-1099-c-for-canceled-debt-i-have-heard-500-and-i/01/82363#M35135 tcboultinghouse 2019-06-01T03:08:03Z According to the IRS, the amount is $600. For more inform... https://ttlc.intuit.com/community/taxes/discussion/according-to-the-irs-the-amount-is-600-for-more-inform/01/82371#M35139 <P>According to the IRS, the amount is $600. For more information, please see:&nbsp;<A href="https://www.irs.gov/uac/about-form-1099c" rel="nofollow" target="_blank">https://www.irs.gov/uac/about-form-1099c</A></P><P>"File this form for each debtor for whom you canceled <U>$600</U> or more of a debt owed to you if:</P><UL> <LI>you are an applicable financial entity, and</LI> <LI>an identifiable event has occurred."</LI> </UL> Sat, 01 Jun 2019 03:08:06 GMT https://ttlc.intuit.com/community/taxes/discussion/according-to-the-irs-the-amount-is-600-for-more-inform/01/82371#M35139 MollsBBU 2019-06-01T03:08:06Z