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IRS Form 1099-C Tutorial – Cancelled Debt Income is Taxable

Form 1099-C is filed by a lender to report debts that were discharged. Cancelled debts are considered taxable income for U.S. federal income taxes.

Jason Knott2024-10-04T10:35:01+00:00Tags: Cancelled Debt Income, Form 1099-C, Form 982|

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