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

    Feb 4, 2010, 12:19 PM
    What dollar amount is required for a 1099-c to be issued
    Is there a specific dollar amount such as $500.00 that a creditor has to be owed for a 1099-c to be issued on a cancellation of a debt
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Feb 4, 2010, 12:36 PM

    I believe a 1099-C is issued only if the cancelled debt is $600. I am inferring this from the following: Instructions for Forms 1099-A and 1099-C (2010) - look at "Specific instuctions for 1099-C" and note that creditors are instructed to file 1099-C if the debt cancelled is $600 or more.
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