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My wife filed for Social Security early in 2018. By late
My wife filed for Social Security early in 2018. By late 2019 we decided to return the money and cancel the early filing. … read more
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Taxpayer received a 1099-C for Mortgage-Modification in 2017
Taxpayer received a 1099-C for Mortgage-Modification in 2017 for $21K+. His spouse also received a 1099-C for the same amount, also for 2017. They are behind in filing the 2017 return. The question is… read more
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My ex wife and I did a loan modification. I no longer live
Hi My ex wife and I did a loan modification. I no longer live in the home. We both separately received a 1099 for the amount the bank forgave. The question is do we both need to file the 1099 or can s… read more
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I received a 1099-C from from a previous creditor. It was a
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We are a C Corporation and a client paid us $7,000 via
We are a C Corporation and a client paid us $7,000 via credit card during 2017. This $7,000 income was duly reported/included in 1099Ks we received from MasterCard and Amex.However, the same client (l… read more
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Received two 1099-Cs. One was for credit card debt and the
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Sale of my home in 2016 was a short sale. It sold for &700K
Sale of my home in 2016 was a short sale. It sold for &700K (in CA). All of that went to the lender. Approximately $400K of debt was forgiven. Got a form for that from the mortgage holder. However, I … read more
Mark Taylor
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My name is ***** *****. I received two 1099-C, one husband
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I co-signed a mortgage with a family member. The mortgage was
I co-signed a mortgage with a family member. The mortgage was modified last year and as part of the modification agreement, the lender cancelled a significant portion of the mortgage debt in 2014. Bot… read more
Richard
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My husband and I each received 1099-Cs full amount
My husband and I each received 1099-Cs for the full amount of the loan forgiven. Do we report both then subtract one with an explanation?… read more
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My bank is going to modify my outstanding mortgage loan ($257,000)
My bank is going to modify my outstanding mortgage loan ($257,000) to a much lower amount ($66, 000) which will give me a normally taxable income for the forgiven debt. This mortgage was co-owned by m… read more
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I own a home with my wife and aunt. We had a mortgage modification
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Barbara
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I have a debt of $9500 on a restructured second mortgage from
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My wife is the executrix of her late mothers estate. Her
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Megan C
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my home in california foreclosed last year. i had a primary
my home in california foreclosed last year. i had a primary mortgage of $325,684 for which i received a 1099-A (Acquisition or Abandonment of Secured Property). i also received a 1099-C (Cancellation … read more
RD
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Hi, for a California non-recourse foreclosure, a person should
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My husband (29 years) and I BOTH received a 1099-C; his had ...
My husband (29 years) and I BOTH received a 1099-C; his had is SSN and Name at the same address as mine. I too received a 1099-C with my SSN, Name and same address. Both copies of the 1099-C's had the… read more
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