I received a 1099 c from my ex fiance for money given to help me and my children move. He put it on his business account. Obviously a fraud write off. What do I do?

katherinekelly28 · ‎June 4, 2019

IsabellaG · ‎June 4, 2019

A 1099-C should be issued only when a bona fide debt has been forgiven by a trade or business. This situation has occurred before, and definitely creates legal problems for you. Without a loan agreement between you and this business, it's likely that the money he gave you was simply a gift.

But you don't want to wait for the IRS to come to you. You should consider getting legal advice to demand that your ex-fiance issue a corrected 1099-C, and for collecting any evidence that this was in fact a gift.

An internet search under "1099 Abuse" can give you more information.

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IsabellaG · ‎June 4, 2019

A 1099-C should be issued only when a bona fide debt has been forgiven by a trade or business. This situation has occurred before, and definitely creates legal problems for you. Without a loan agreement between you and this business, it's likely that the money he gave you was simply a gift.

But you don't want to wait for the IRS to come to you. You should consider getting legal advice to demand that your ex-fiance issue a corrected 1099-C, and for collecting any evidence that this was in fact a gift.

An internet search under "1099 Abuse" can give you more information.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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I received a 1099 c from my ex fiance for money given to help me and my children move. He put it on his business account. Obviously a fraud write off. What do I do?