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I am executor of my mother's estate. All money in her bank
I am executor of my mother's estate. All money in her bank acct (<$3000) was used towards funeral expenses. I have since recieved 1099-C for cancellation of credit card debt after her passing. Do I… read more
Richard
Richard
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Received 2018 Form 1099-C Cancellation of Debt to my
Received 2018 Form 1099-C Cancellation of Debt to my husband, John Kinnane (deceased 11/11/2015) from Chase for the balance of his credit card, in his name only. If I must put it on my 2018 taxes, can… read more
Lev
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1099-c for deceased person who died in Feb 2016. Probated
1099-c for deceased person who died in Feb 2016. Probated estate included small pension amount > $600 received in 2018 in estates name and ID number. The probate opened in 2016 closed in July 2018.… read more
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My mother passed away 8-18-2016. Final return was filed MFS,
My mother passed away 8-18-2016. Final return was filed MFS, due to bad relationship with her surviving spouse. Received a 1099-C canx of her debt in 2018 for tax year 2017. I believe I have to file 1… read more
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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
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My mother passed away 4 years ago and Discover Card
My mother passed away 4 years ago and Discover Card cancelled her debt with them. I got a letter today stating that I should contact the IRS for further guidance about this debt. Can you help me? … read more
Lane
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A former employee died in August 2016. At the time he died
A former employee died in August 2016. At the time he died he owed the company over $100,000. The debt arose years ago when he bought an asset from the company (a motor home). He fell on hard times an… read more
Tax.appeal.168
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I have a question about a Form 1041. Wife's mother died in
I have a question about a Form 1041. Wife's mother died in 2012, my wife was executor of the estate. Wife filed final 1040 for 2012 and proceeded to have an attorney probate the estate. We determined … read more
Charles Markham
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My question is regarding a 1099-C deceased person whose
My name is ***** ***** my question is regarding a 1099-C for a deceased person whose estate has been closed for 6 years … read more
Lane
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My wife's mother passed away in 2012, she was single with no
My wife's mother passed away in 2012, she was single with no dependents at the time. My wife was Executrix for the estate. In 2013 my wife filed her mother's final 1040 federal tax return for 2012. In… read more
Megan C
Megan C
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Client died, has an estate, personal representative sold the
Client died, has an estate, personal representative sold the residence. Loss on residence approximately -4,800, also has some mortgage interest deduction. Representative has been paying medical bills … read more
Megan C
Megan C
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I am the executor of an estate that is insolvent. I received
I am the executor of an estate that is insolvent. I received a 1099-C for credit card debt cancellation (due to insolvency). The amount is $17750. Wouldn't other wise have to file an estate tax return… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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My wife is the executrix of her late mothers estate. Her
My wife is the executrix of her late mother's estate. Her mother was single when she died in late 2012, no dependents. My wife recently received two 1099-Cs, one in her deceased mother's name, the oth… read more
Megan C
Megan C
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Master's Degree
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My client passed away. His wife has now received 2 1099-C forms
My client passed away. His wife has now received 2 1099-C forms for debts cancelled. One was a loan the other a credit card. Does any of these items have to be reported as other income on the 1040… read more
Megan C
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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
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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
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Bachelor's Degree Equivalent
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An individual died in 2009. In 2010, Toyota sent a 1099-C for
An individual died in 2009. In 2010, Toyota sent a 1099-C for the portion of the lease which was canceled as a result of the death of the lessor. They did this because the widow did not want to contin… read more
Wallstreet Esq.
Wallstreet Esq.
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Doctoral Degree
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My mother died in June 2008, and I was the executor. The estate
My mother died in June 2008, and I was the executor. The estate was settled by the end of 2009 and all funds were disbursed. The estate just received a Form 1099-C Cancellation of Debt for a credit ca… read more
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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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