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4:06
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eForms
How do you report canceled debt on your taxes? IRS Form 1099-C
Download an official IRS 1099-C: https://eforms.com/irs/form-1099/c/ IRS Form 1099-C is a document that shows canceled or forgiven debt. If a lender forgives a debt you owe, they send you this form to report the forgiven amount. It's important because the IRS might consider this amount as taxable income, and you might need to report it on your ...
1.6K views
Feb 28, 2024
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