1099-C Cancellation of Debt Form sent to an Estate

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I am expecting to get two 1099-C's, Cancellation of Debts, one from Bank of America for Credit card and one from AlaskaUSA Credit Union for an unsecured loan. These are for a deceased persons estate that I am the executor of and will file a 1041 tax return again this year on the estate.  The estate is solvent. Also, how would a cancellation of debt be done by the creditors to be considered as a gift, inheritance, device or a bequest?

I really can't find anything on the IRS website that definitely states that an Estate has to claim this cancellation of debt as income, on line 8, Other Income. 

Everything I have reviewed talks to the individual having to claim such items as income.

What is your advice, knowledge of or any other statement that you could make to help me understand what must be done with the 1099-C's?

[tagteam]

You need to consult with local legal counsel and/or a local tax professional.

Generally, the income will be considered taxable to the estate unless one of the exceptions applies.

See https://www.irs.gov/taxtopics/tc431

With respect to commercial lenders, the cancellation will not be considered to be a gift.