2905036
You'll need to sign in or create an account to connect with an expert.
According to the IRS, nearly any debt you owe that is canceled, forgiven or discharged becomes taxable income to you. You should receive a Form 1099-C, "Cancellation of Debt," from the lender that forgave the debt.
Here’s how to remove Form 1099-C:
According to the IRS, nearly any debt you owe that is canceled, forgiven or discharged becomes taxable income to you. You should receive a Form 1099-C, "Cancellation of Debt," from the lender that forgave the debt.
Here’s how to remove Form 1099-C:
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
bobcatbill2
New Member
graves2gardenspodcast
New Member
micah7
New Member
Moonlight
Level 2
mark-d-vincent
New Member