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I am permanently disabled legally ‘04 work car accident
I am permanently disabled legally ‘04 work car accident receive $800 after INS from SS Disability I have met my (3) three year monitoring period & been approved by the NELNET student loan discharged f… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,008 satisfied customers
Is this true: filing a joint return as allowed for the year
Is this true: filing a joint return as allowed for the year of death - then you would need to report all income for both of you which includes a forgiven debt reported on Form 1099-C.… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,008 satisfied customers
I rcvd a 1099C for forgiven student loan debt due to perm.
I rcvd a 1099C for forgiven student loan debt due to perm. disability for $40,000. I also recvd this past year a disability settlement for $22,000. Do I have to claim the disability settlement towards… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,008 satisfied customers
I owe $125,000 in student loans (which are currently under
Hi I owe $125,000 in student loans (which are currently under IBR program). … read more
Tax.appeal.168
Tax.appeal.168
Principal
8,662 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
29,972 satisfied customers
Of A forgave a second mortgage of 50K and credit card of 14K
B of A forgave a second mortgage of 50K and credit card of 14K and issued 1099C making our income 64k higher. Given the gov health care we could end up with a giant tax bill. My reading suggests that … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,008 satisfied customers
My name is ***** *****. My daughter died in September, 2015.
My name is ***** *****. My daughter died in September, 2015. She has since received two 1099-C's totaling 14,000+ for cancellation of student loans. I understand from a reply 6 years ago that this is … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,008 satisfied customers
Ed, , My son passed on 9/26/14 - he was 25. I rec'd a
My son passed on 9/26/14 - he was 25. I rec'd a lot of 1099-Cs as I sent his death cert and it was forgiven. Do I need to do an tax return for him? He was passed all of 2015 - obviously. Also, I took out a Parent Plus loan for him and I rec'd a 1099-C for $15,000...I wanted to see if there is any way I don't have to claim as income as he never finished the 2 year program. … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,008 satisfied customers
If i have an student loan that defaulted on but now im in
if i have an student loan that defaulted on but now im in the rehabiliation program i paid my first apyment so what will happened if i file taxes now… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,008 satisfied customers
I'm ***** ***** and I have a question about insolvency test
Customer: Hi! I'm ***** ***** and I have a question about insolvency test (student loan discharge) in Oregon. Looking at filing separately vs married jointly. We are both on the loan of the home. Do I… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,008 satisfied customers
I had student loans discharged this year, and a 1099C is
Hi, I had student loans discharged this year, and a 1099C is goin to be filed with the IRS, however, my loans are going to be reinstated. I need to know exactly what form I file with the IRS (it can't… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,972 satisfied customers
We sold our home through a short sale that was on a VA loan.
We sold our home through a short sale that was on a VA loan. We received a Form 1099-C with an amt of discharge of $55,000 and a FMV of $70,000. Based on our reading of Pub 4681 and the Insolvency wor… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,382 satisfied customers
I had a student loan that was cancelled. Both my cosigner and I received 1099-Cs.do both o
I had a student loan that was cancelled. Both my cosigner and I received 1099-Cs.do both of us have to file it on our taxes or just me? I read that the debtor is to file it as income and the cosigner … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,008 satisfied customers
My husband is on perm disability. He got his student loan
My husband is on perm disability. He got his student loan of $87,000 cancelled. We recieved a 1099 c. We are now looking into getting the tax on this "income" excluded with insolvency. the student loa… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I received a 1099C for disability discharge of a student loan.
I received a 1099C for disability discharge of a student loan. My husband and I are filing separately this year. I am filling out the insolvency worksheet for form 982 and need to know if I have to in… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,008 satisfied customers
My father had taken out school loans for me solely in his name.
My father had taken out school loans for me solely in his name. He has since deceased and the school loans have been forgiven. My mother received an 1099c for cancellation of debt. Is she liable? Her … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,008 satisfied customers
Facts re: debt cancellation: 1) Taxpayer had his school loan
Facts re: debt cancellation: 1) Taxpayer had his school loan cancelled after his death. 2) He was insolvent. 3) His assets included his 50% share of a house, which was co-owned with a non-spouse. 4) H… read more
Anne
Anne
Master Tax Preparer
3,422 satisfied customers
I have just been told that my deceased son's student loan
I have just been told that my deceased son's student loan which I cosigned and have been paying for 2 1/2 years is being forgiven. My question is they will be sending me a 1099C and I am wondering 2 t… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,662 satisfied customers
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