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acraig311
New Member

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

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!

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Anonymous
Not applicable

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

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

 

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