My Relative paid for several credit card debts w/ a loan to me and now I have been given 1099. How do I prove I am insolvent since I have very little money?
![]() |
My Relative paid for several credit card debts w/ a loan to me and now I have been given 1099. How do I prove I am insolvent since I have very little money?
You mean 1099-C for debt cancellation. Report this as income on your tax return. Read about debt cancellation, Your U.S. Tax Return: The U.S. Income Tax Topics 1
All times are GMT -7. The time now is 07:15 AM. |