in Education
My son passed away in 2017. My husband signed on Parents Plus loan for his education. The loan was discharged after he passed but we received a 1099-C. Do we have to claim this as income?
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Yes, I'm very sorry but you do need to report the forgiven debt on your tax return because your husband was obligated to pay back the Parent PLUS loan. This is such a sad situation and Congress could act to make things easier for grieving families, but they have not done so.
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