Do i have to add my 1099 c to my income if the canceled debt was for my primary residence

bagerra · ‎June 4, 2019

MichaelL1 · ‎June 4, 2019

Yes, you still need to report it

EDITED 1/18/2017 --The provision to exclude it from income on a personal residence ended with return prior to 1/1/2017.

See below for more detail and super user comment is correct.

MichaelL1 · ‎June 4, 2019

Yes, you still need to report it

EDITED 1/18/2017 --The provision to exclude it from income on a personal residence ended with return prior to 1/1/2017.

See below for more detail and super user comment is correct.

SweetieJean · ‎June 4, 2019

@TurboTaxMichaelL1 Why do you think it can be excluded?
<a rel="nofollow" target="_blank" href="https://www.irs.gov/taxtopics/tc431">https://www.irs.gov/taxtopics/tc431</a>

SweetieJean · ‎June 4, 2019

MichaelL1 · ‎June 4, 2019

you are correct and I will edit my answer, thank you, that provision stopped end of 2016.

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