My wife settled four credit cards all from the same bank for less than each card was owed (less than $300 debt forgiven for each), and all accounts are now resolved.
My question is that since each individual credit card had less than $300 of debt forgiven, will she NOT receive any Forms 1099-C since each account debt forgiven was less than the $600 requirement for issuing a 1099-C, or should she expect to receive a 1099-C since all four cards combined debt forgiven was more than $600 from the same bank?