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    wrightki's Avatar
    wrightki Posts: 2, Reputation: 1
    New Member
     
    #1

    Feb 4, 2010, 02:39 PM
    1099-C and social security
    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
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Mar 4, 2010, 11:52 AM
    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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