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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 ...
The company that canceled the debt that will issue a Form 1099-C that you'll file with your tax return. Getting something you expected to pay for at a deep discount or even for free is exciting.
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