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My wife passed on 18 My wife died on 18 2018. My wife died
My wife died in 18 Jan 2018 and over the next few months I discovered four credit cards/loans in her name. I contacted the cards and provided her death certificate. They said that her debt would be forgiven. … read more
Gerald, Esq
Gerald, Esq
Juris Doctor
11,116 satisfied customers
MY son passed away we received a 1099 c from wells fargo on
MY son passed away we received a 1099 c from wells fargo on his student loan. It was discharged . Are we able to fill out a 982 form and how do we do it… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,940 satisfied customers
My father died in 2012 and had credit cards in his name that
My father died in 2012 and had credit cards in his name that were never paid. The credit card companies issued 1099Cs in his name and social security number for 2014. My parents had a living trust and… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
How to report 1099-c, canceled credit card debt, for deceased
How to report 1099-c, canceled credit card debt, for deceased taxpayer? details:-- father died in June of 2011 -- final taxes (1040) submitted Oct. 15 2012 -- Chase forgives $6300 in credit card debt … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,940 satisfied customers
Deceased married taxpayer, who died 2-16-2013, recieves 1099-C
Deceased married taxpayer, who died 2-16-2013, recieves 1099-C for forgiveness of student loan debt dated 5-23-13. Taxpayer SS# XXXXX XXXXX the form. Taxpayer not insolvent at time of death. If the in… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I have received a 1099-c from a credit card company on an account
I have received a 1099-c from a credit card company on an account held by my deceased husband. He passed away over 3 years ago. Do I have to pay income taxes on this even though I was not liable for t… read more
Wallstreet Esq.
Wallstreet Esq.
Tax Attorney
Doctoral Degree
586 satisfied customers
Does a spouse pay tax amount on 1099C of a deceased spouse?
A taxpayer owed a student loan, and the taxpayer passed away.. A 1099-C was received in the taxpayer's name. Does spouse have to pay tax on the amount included in box 2 of 1099-C? Is this cancelled de… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,987 satisfied customers
My father passed away in February 2009 (lived in New York).
My father passed away in February 2009 (lived in New York). He had credit card debt (in his name "only") when he died. There was no real will or estate since he had no assets of his own. All the asset… read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,512 satisfied customers
We had a second, rental house foreclosed in July of 2010.
We had a second, rental house foreclosed in July of 2010. We still live in our primary residence. In May of 2011, we filed for Chapter 7, which was discharged in August of 2011. Our question is, when … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,987 satisfied customers
2008 Taxpayer deceased. Accumulated $72,000 of credit card
2008 Taxpayer deceased. Accumulated $72,000 of credit card not know to spouse. 2009 Spouse files tax return as single. Receives 2 1099-C from CC companies in name of deceased taxpayer estate with his … read more
socrateaser
socrateaser
43,144 satisfied customers
my mother has filed her taxes and received her return. Today
my mother has filed her taxes and received her return. Today she received a 1099 in the mail made out to the estate of her husband who passed away in May of 2010. This 1099 is from a credit card that … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,104 satisfied customers
My father died 3 years ago and had several credit cards in
My father died 3 years ago and had several credit cards in his name only. My mother knew nothing of htese cards and her name was not on any of them. She hired a lawyer and most of the credit cards can… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
2,290 satisfied customers
My husband died 9/9/8 and I received a 1099-c on him from
My husband died 9/9/8 and I received a 1099-c on him from Discover. Must I file on this or is it moot since he's deceased? If so, can I expect more and will I be liable even though I'm not leglally re… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
2,290 satisfied customers
Does a deceased person need a federal income tax return?
I received a 1099 for a credit card debt forgiveness that was in my husband's name. It is for the year 2009 and he has been deceased since 2007. Do I have to fill out a federal income tax return for h… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
2,158 satisfied customers
I am the executor of my mothers estate. This year I received
I am the executor of my mother's estate. This year I received a 1099-c (cancellation of debt) on a credit card account my mother had. Do I have to report the amount of debt canceled on my taxes?… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
968 satisfied customers
My mother passed away in 2007. I was the personal representative
My mother passed away in 2007. I was the personal representative of her small estate (under 40K). After all of the credit card debt was paid off, distributions were made to my siblings in 2008. I rece… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
When the executor of an estate compromises credit card debt ...
When the executor of an estate compromises credit card debt of the decedent is the debt cancellation taxable to the estate and it''s beneficiaries or is the amount to which the debt is reduced conside… read more
RD
RD
Self Employed
Master's Degree
5,572 satisfied customers
I was sent a 1099-c for a cancelled debt that my ex-husband ...
I was sent a 1099-c for a cancelled debt that my ex-husband was responsible for. It was a credit card that had been taken out by me but was awarded to him at the time of our divorce. He used the card … read more
JBE, CPA
JBE, CPA
70 satisfied customers
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