You'll need to sign in or create an account to connect with an expert.
You'll have to wait to get form 1099-C from your lender. If your debt is cancelled or forgiven, you'll receive Form 1099-C (Cancellation of Debt).
Most of the time, cancelled debt is taxable, but there are exclusions and exceptions. We'll check for those after you've entered your 1099-C.
To enter form 1099-C, click on How do I enter a 1099-C?
Related Information:
You'll have to wait to get form 1099-C from your lender. If your debt is cancelled or forgiven, you'll receive Form 1099-C (Cancellation of Debt).
Most of the time, cancelled debt is taxable, but there are exclusions and exceptions. We'll check for those after you've entered your 1099-C.
To enter form 1099-C, click on How do I enter a 1099-C?
Related Information:
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
sun7071
New Member
shawnbothum
New Member
jeffhorlander
New Member
ecrowe795
New Member
user17745997975
Level 1