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I filed for bankruptcy in June and have yet to receive any 1099c 's. How long do I have to wait before I file my taxes?

 
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MarilynG
Expert Alumni

I filed for bankruptcy in June and have yet to receive any 1099c 's. How long do I have to wait before I file my taxes?

If you filed for bankruptcy, you may qualify for exclusion of any taxable income on your 1099-C.

You can file your 2018 return, and if you receive a 1099-C later, you can Amend your 2018 return or include the 1099-C on your 2019 return (check the year shown on the 1099-C).

Click the link for a Guide to Cancelled Debt for more detailed information.

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3 Replies
MarilynG
Expert Alumni

I filed for bankruptcy in June and have yet to receive any 1099c 's. How long do I have to wait before I file my taxes?

If you filed for bankruptcy, you may qualify for exclusion of any taxable income on your 1099-C.

You can file your 2018 return, and if you receive a 1099-C later, you can Amend your 2018 return or include the 1099-C on your 2019 return (check the year shown on the 1099-C).

Click the link for a Guide to Cancelled Debt for more detailed 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"

I filed for bankruptcy in June and have yet to receive any 1099c 's. How long do I have to wait before I file my taxes?

Is there more recent information on filing bankruptcy in 2020?

LinaJ2020
Expert Alumni

I filed for bankruptcy in June and have yet to receive any 1099c 's. How long do I have to wait before I file my taxes?

Your cancellation of debt is not taxable if it's Bankruptcy Chapter 7 or 11. 

 

For details, read here: https://turbotax.intuit.com/tax-tips/debt/filing-taxes-after-filing-for-bankruptcy/L4PpcTaiW

 

@ronnie151

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