379461
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

My wife’s had student loan forgiveness in 2017 due to disability. I had the only income for 2017 will this affect how we claim or add any taxable income for 2017?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

My wife’s had student loan forgiveness in 2017 due to disability. I had the only income for 2017 will this affect how we claim or add any taxable income for 2017?

She will get a 1099-C for the tax year, as will the IRS. The amount of the discharged debt will be considered income for Federal tax purposes and possibly for State tax purposes. 

https://www.usnews.com/education/blogs/student-loan-ranger/articles/2017-11-08/know-the-tax-implicat...

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question