What is a 1099-C?
A 1099-C is used to report Cancellation of Debt Income. The lender is supposed to file the 1099-C when it cancels $600 or more of debt. A copy is filed with the IRS and another copy is required to be mailed to the taxpayer as...
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What is a 1099 C?
![What is a 1099 C?](https://msicredit.com/wp-content/uploads/2011/09/Tax-Return-Money-200x150.jpg)