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Alex J. Esq.
Alex J. Esq., Attorney at Law
Category: Consumer Protection Law
Satisfied Customers: 16391
Experience:  Experienced Licensed Attorney
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If you get a 1099 after a repossession of an RV, but are in

Customer Question

If you get a 1099 after a repossession of an RV, but are in the process of filing for bankruptcy, can the income on the 1099 be excluded from your taxes?
Submitted: 1 year ago.
Category: Consumer Protection Law
Expert:  Alex J. Esq. replied 1 year ago.

Hello. My name is***** will be happy to answer your question.
I am sorry to hear about this unfortunate situation.

If the 1099 is issued prior to the debt being discharged in bankruptcy, then the 1099C has to be filed with income tax return.

I am very sorry to provide you with this bad news, but please understand that I do have professional obligation to provide JustAnswer.com customers with correct answers, even when answer is not favorable to the customer.

I wish you the best of luck and God bless you!

Expert:  Alex J. Esq. replied 1 year ago.

Please let me know if you have any related follow up questions?
If not, please positively rate and accept my answer, so I can be compensated for my work.
Thank you.