My spouse died Nov of 08, he had a truck and credit cards in his name I had to let the truck be turned in 09 but I just received a 1099-c is this income that I have to report this year? And does it count as income for social security
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My spouse died Nov of 08, he had a truck and credit cards in his name I had to let the truck be turned in 09 but I just received a 1099-c is this income that I have to report this year? And does it count as income for social security
Was the truck EXCLUSIVELY in his name? Is the Form 1099-C in his name?
If it is in his name, then the imputed income belongs to the estate and MAY have to be reported on a fiduciary return. It depends on how much income is shown on the 1099-C.
HOW MUCH is the 1099-C for?
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