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What Is a 1099-C Form and Why Did You Get One?

A 1099-C is a tax form that shows up when a lender cancels or forgives your debt. It’s how they report to the IRS and to you that the loan is no longer active.   If the amount forgiven is $600 or more, the lender must file this form with the …

A 1099-C is a tax form that shows up when a lender cancels or forgives your debt. It’s how they report to the IRS and to you that the loan is no longer active.   If the amount forgiven is $600 or more, the lender must file this form with the IRS and send you a […]

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