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    lupita1989's Avatar
    lupita1989 Posts: 1, Reputation: 1
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    #1

    Aug 2, 2011, 04:04 PM
    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
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
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    #2

    Aug 2, 2011, 04:35 PM
    She deducts the interest she paid. You pay taxes on it. Living there or not doesn't apply.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #3

    Aug 3, 2011, 05:55 AM

    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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