What do you do with form 1099c box 2 amount of debt discharged for a deceased spouse

Gridleyfires — Sat, 01 Jun 2019 07:03:13 GMT

My spouse died in 2014, and I just received a 1099c form for a discharged debt on a credit card. We had separate bank accounts in separate banks. How do I respond tax-wise?

The amount in Box 2 of the 1099-C represents taxable inco...

SeanE1 — Sat, 01 Jun 2019 07:03:14 GMT

The amount in Box 2 of the 1099-C represents taxable income to the IRS. If there was any form of insolvency during the period this 1099-C was received would make it exempt from tax. I am not sure if this represents debt forgiven on a home mortgage in which there are exceptions to taxation, so I have included a few LINKs below which hopefully will help you in determining the next step to take.

http://www.justanswer.com/tax/6few1-does-spouse-pay-tax-amount-1099c-deceased-spouse.html

https://www.sapling.com/12199073/1099c-person-deceased

http://www.creditcards.com/credit-card-news/deceased-husbands-debt-haunts-wife-1294.php

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What do you do with form 1099c box 2 amount of debt discharged for a deceased spouse

The amount in Box 2 of the 1099-C represents taxable inco...