I received a notice that I didn't report a 1099C in my 2023 taxes from a canceled debt. I never received the 1099C and I didn't know about it until today that I received the letter from the IRS. What should I do about this ? Thanks
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What are the instructions on the letter? Did you receive a canceled debt?
They said I did but I never received one and I didn't know about such canceled debt until today that I received the notice. They said it's not a bill but I supposedly owe them over 7K because of not reporting such debt. But how would I report the canceled debt if I never received the 1099C and I had no knowledge of it.
Please see "I got a CP2000 notice from the IRS" for more guidance on how to reply.
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