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    reshelle82's Avatar
    reshelle82 Posts: 2, Reputation: 1
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    #1

    Jul 9, 2012, 09:55 AM
    I received 2 1099-c for the same loan one in my name and one in my husbands
    WE had a car loan we got behind on and it was charged off in 2008.Me and my husband received 1099-c he received one in his name and I received one in my name what do we need to do.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jul 9, 2012, 12:40 PM
    If each Form 1099-C amount represents ONE HALF of the amount of the loan balance on the car, then you combine the amounts on Line #21 and report it as "Other income" in the same tax year that is on the Form 1099-C.
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