Good Morning I have received a 1099-C form and I have no clue what this is and why I got it and how it will affect my taxes is this a Form they are taking the money from the debt it does say cancellation of Debt but just not sure how this works and what or why I am getthing this.
Could you please explain this to me thanks so much..

You need to report that as income on Line #21 of Form 1040.

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