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I am receiving a 1099c form (cancellation of debt) and I…

I am receiving a 1099c...
I am receiving a 1099c form (cancellation of debt) and I wanted to know if social security counts that cancelled income towards wages earned? I am only aloud to make about $1000 roughly a month working if I go over the limit with my SSDI they could say I could perform substantial gainful activity and take my benefits away. I just want to know if the 1099c counts as wages earned I wouldn't think so but just asking thanks.
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Answered in 5 minutes by:
9/18/2017
Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2,408
Experience: Certified Public Accountant
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Hi, my name is Mark. I will be happy to help you with your questions. Cancellation of debt income would not be considered earned income.

Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2,408
Experience: Certified Public Accountant
Verified
Mark Taylor and 87 other Tax Specialists are ready to help you
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Customer reply replied 8 months ago
Thanks Mark!

It was my pleasure. I was happy to help.

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