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You'll have to wait to get form 1099-C from your lender. If your debt is cancelled or forgiven, you'll receive Form 1099-C (Cancellation of Debt).
Most of the time, cancelled debt is taxable, but there are exclusions and exceptions. We'll check for those after you've entered your 1099-C.
To enter form 1099-C, click on How do I enter a 1099-C?
Related Information:
You'll have to wait to get form 1099-C from your lender. If your debt is cancelled or forgiven, you'll receive Form 1099-C (Cancellation of Debt).
Most of the time, cancelled debt is taxable, but there are exclusions and exceptions. We'll check for those after you've entered your 1099-C.
To enter form 1099-C, click on How do I enter a 1099-C?
Related Information:
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