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New Member
posted Jun 4, 2019 3:40:01 PM

What is an identifiable code g on 1099c form

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New Member
Jun 4, 2019 3:40:03 PM

Per 1099-C instructions,

"Box 6. Shows the reason your creditor has filed this form. The codes in this box are described in more detail in Pub. 4681. A—Bankruptcy; B—Other judicial debt relief; C—Statute of limitations or expiration of deficiency period; D— Foreclosure election; E—Debt relief from probate or similar proceeding; F—By agreement; G—Decision or policy to discontinue collection; or H—Other actual discharge before identifiable event."

Here's a link to IRS Publication 4681, Cancelled Debts, which discusses all aspects of debt cancellation, including box 6 codes (see page 3):  https://www.irs.gov/pub/irs-pdf/p4681.pdf