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-   -   1099c (https://www.askmehelpdesk.com/showthread.php?t=590784)

  • Aug 2, 2011, 04:04 PM
    lupita1989
    1099c
    I help my nice to bought a house and now I received a 1099c I never deducted ani mortgage interest and I never lived on the house
  • Aug 2, 2011, 04:35 PM
    joypulv
    She deducts the interest she paid. You pay taxes on it. Living there or not doesn't apply.
  • Aug 3, 2011, 05:55 AM
    ebaines

    I don't understand why you received a 1099-C, which is a form used by lenders in case of cancellation of debt. You typically receive a 1099-C if you defaulted on a mortgage or credit card. Did you? Were you paying the mortgage on your daughter's property, and did the two of you default?

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