ILLMAS Posted February 19, 2021 Report Posted February 19, 2021 TP received a notice from the department of education, canceling their student loan, the notice can be used as a 1099-C, however the cancellation amount is zero, does this sound right? Or do I have to request the amount from the TP and use that amount? Quote
Lee B Posted February 19, 2021 Report Posted February 19, 2021 The taxpayer should have additional info i.e. a letter from the Dept referring to the specific program under which the loan was cancelled 3 Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.