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    pcjdreed's Avatar
    pcjdreed Posts: 2, Reputation: 1
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    #1

    Mar 22, 2009, 09:13 AM
    1099-C for deceased father sent to my mother
    My mother received a 1099-C for the tax year 2008, on a cancellation of debt referencing my father's SS #. He died Sept 2005. The amount is > $20K. There was no estate to settle.

    Is my mother required to file this under her SS# for income?
    Five Rings's Avatar
    Five Rings Posts: 459, Reputation: 7
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    #2

    Mar 22, 2009, 12:17 PM

    It depends on what the debt was for and if your mother was a co-signer in the debt.

    See: Tax Topics - Topic 431 Canceled Debt – Is it Taxable or Not?
    pcjdreed's Avatar
    pcjdreed Posts: 2, Reputation: 1
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    #3

    Mar 23, 2009, 02:58 PM
    It was a credit card for charges unknown as of now. This was his credit card and she was not on the account.
    Five Rings's Avatar
    Five Rings Posts: 459, Reputation: 7
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    #4

    Mar 23, 2009, 03:06 PM

    She has no obligation to report that.

    She is now single and it has nothing to do with Social Security.
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