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ivan5545
New Member

Do I have to file taxes if I only got 1099c from credit card settlement for 2800$ I had no other income that year it says if I didn't make 10,350$ I don't have to file?

 
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Accepted Solutions
MichaelDC
New Member

Do I have to file taxes if I only got 1099c from credit card settlement for 2800$ I had no other income that year it says if I didn't make 10,350$ I don't have to file?

No. If your Form 1099-C "Cancellation of Debt" and the rest of your income is less than the filing requirement, you don't need to file.

Gross income requirements for each filing status are:

  • Single: $10,300 if under age 65. $11,900 if 65 and older.
  • Married filing jointly: $20,700 if both under 65. ...
  • Married filing separately -- $4,050 at any age.
  • Qualifying widow(er) with a dependent child: $16,650 if under 65. ...
  • Head of household: $13,350 if under 65.



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2 Replies
MichaelDC
New Member

Do I have to file taxes if I only got 1099c from credit card settlement for 2800$ I had no other income that year it says if I didn't make 10,350$ I don't have to file?

No. If your Form 1099-C "Cancellation of Debt" and the rest of your income is less than the filing requirement, you don't need to file.

Gross income requirements for each filing status are:

  • Single: $10,300 if under age 65. $11,900 if 65 and older.
  • Married filing jointly: $20,700 if both under 65. ...
  • Married filing separately -- $4,050 at any age.
  • Qualifying widow(er) with a dependent child: $16,650 if under 65. ...
  • Head of household: $13,350 if under 65.



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caveddragon
New Member

Do I have to file taxes if I only got 1099c from credit card settlement for 2800$ I had no other income that year it says if I didn't make 10,350$ I don't have to file?

When married filing jointly does your spouse's income count on whether or not you have to file the 1099-c? I made no income but my husband did
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