Karen Lee Posted September 8, 2008 Report Posted September 8, 2008 TP filed bankruptcy in 2001. Discharged in 2002. Truck not included but repo'd 2003. TP never received the 1099-C but IRS did for TY 2006 and received a CP 2000 June 2008. Shouldn't the 1099-C be issued for 2003? I know it doesn't have to make sense but could someone tell me why it doesn't make sense. Do I stand on the fact that the TP never received the 1099 C? Push the date issue? I really don't know what to do other than to tell the client to pay it. Karen Quote
Bart Posted September 8, 2008 Report Posted September 8, 2008 TP filed bankruptcy in 2001. Discharged in 2002. Truck not included but repo'd 2003. TP never received the 1099-C but IRS did for TY 2006 and received a CP 2000 June 2008. Shouldn't the 1099-C be issued for 2003? I know it doesn't have to make sense but could someone tell me why it doesn't make sense. Do I stand on the fact that the TP never received the 1099 C? Push the date issue? I really don't know what to do other than to tell the client to pay it. Karen Maybe the lender didn't write the loan off their books until 2006. Quote
Karen Lee Posted September 8, 2008 Author Report Posted September 8, 2008 That makes sense! Karen Quote
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