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New Member
posted Feb 15, 2023 4:17:45 AM

I received a 1099-C after i filed my taxes, what do I do? I had no idea it was even coming, had no clue about this matter even.

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1 Replies
Expert Alumni
Feb 15, 2023 5:14:32 AM

You may have to file an amended return.  Cancellation of debt is income because by clearing your debt, it is like you received money to pay off the debt.  See Guide to Debt Cancellation and Your Taxes - TurboTax - Intuit.