What Is a 1099-C? Understanding the Cancellation of Debt Form
What Is a 1099-C? Understanding the Cancellation of Debt Form If you’ve had debt forgiven or settled for less than what you owed, you might receive a tax form called a 1099-C, Cancellation of Debt. For many people, this form is confusing — and sometimes alarming — because it treats forgiven debt as income for […]