I was just wondering if a Co-signer responsible for tax on a cancellation of debt for taxes(1099C)? I have not received a 1099 c yet and wondered if I should be looking for one. I Co-signed a loan for a car and it was repo'd. I ended up settling with the bank. The person I co-signed for is GONE! lol I know I learned my hard lesson and wont co-sign anymore for anyone. I am just trying to figure out if we both will get a 1099c form or just the signer of the loan. Seems that there should only be one 1099c form sent out.

I do not believe that the co-signer gets the Form 1099-C, just the original borrower.