Could You Owe Taxes on Forgiven Debt? How to Find Out
As long as the total of your liabilities exceeds the value of your assets when your debt is canceled, you may claim the ...
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What is a 1099-C Cancellation of Debt form?
You will receive a 1099-C Cancelation of Debt form if a lender forgives more than $600 of taxable debt. You must include the ...