topic Received IRS notice about 1099-C for a debt that was discharged in Ch 7 - Form 982 necessary? in Deductions & credits

Received IRS notice about 1099-C for a debt that was discharged in Ch 7 - Form 982 necessary?

acraig311 — Wed, 01 Jan 2020 20:12:06 GMT

We received a notice from the IRS about a 1099-C they say was filed on 04/30/2017 on an amount that was discharged in bankruptcy on 08/11/2015. We do not have a copy of the 1099-C. Do we still need to amend our 2017 return and file a form 982? If so, where can we find user-friendly instructions on how to file this form correctly? Thank you for any advice!

Re: Received IRS notice about 1099-C for a debt that was discharged in Ch 7 - Form 982 necessary?

Anonymous — Thu, 02 Jan 2020 06:58:42 GMT

if you do nothing the IRS will include this in income, don't know your 2017 tax situation so don't know what effect this would have. I would say you're better off amending.

here's a link to form 982 instructions. if you don't understand them you can post your questions back in this thread. it may be difficult to give a proper answer because we don't have any info. you might be better off seeing a pro.

https://www.irs.gov/pub/irs-pdf/i982.pdf