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  • Apr 8, 2008, 01:07 PM
    JudyEmbry
    1099 bankruptcy
    We have received 1099's income earned from a home and truck we returned in a bankruptcy. The 1099's have the bankruptcy box marked. Do we have to report this or not?
  • Apr 9, 2008, 04:48 AM
    MukatA
    If it is debt cancellation, it is taxable income. For more information, provide details:
    Which 1099-xxx? Info in various boxes.

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