Have Finance Questions? Ask a Financial Expert Online.
Hello, Just report the income from the 1099C's you received from the lenders. If you later receive another 1099C from the last account then you can always amend your tax return. Although it is shown as written off they have in effect sold the debt to a third party and someone will contact you about the debt in the future. Since that debt is not considered as forgiven it is not income to you yet. Thanks Tom Please click accept.