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en.wikipedia.org/wiki/Cancellation_of_Debt_(COD)_Income

Taxpayers in the United States may have tax consequences when debt is cancelled. This is ... Generally, IRS Form 1099-C is to be filed along with reporting Form 1096 by the end of January of the year following the date when the debt was ...

www.irs.gov/taxtopics/tc431.html

May 1, 2017 ... In general, if you have cancellation of debt income because your ... is taxable and you must report the canceled debt on your tax return for the ...

www.irs.gov/publications/p4681/ch01.html

Generally, if a debt for which you are personally liable is forgiven or discharged for less ... You must report any taxable canceled debt as ordinary income on:.

www.irs.gov/pub/irs-pdf/p4681.pdf

Feb 1, 2017 ... of the debt or it may be an event the applicable entity is required, solely for purposes of report- ing to the IRS, to treat as a cancellation of debt.

turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Forms/When-to-Use-Tax-Form-1099-C-for-Cancellation-of-Debt/INF22442.html

... from a lender after negotiating a debt cancellation with them, you'll have to report the amount on that form to the Internal Revenue Service as taxable income .

taxpayeradvocate.irs.gov/get-help/cancellation-of-debt

Jun 21, 2017 ... The amount of the cancellation of debt is included in your income unless an ... or discharged, you'll receive a IRS Form 1099-C, Cancellation of Debt, from ... You must report the canceled debt (one that doesn't qualify for an ...

blog.credit.com/2011/04/1099-c-in-the-mail-how-to-avoid-taxes-on-cancelled-debt-14927

Apr 20, 2011 ... A 1099-C reports Cancellation of Debt Income (CODI). According to the IRS, if a debt is canceled, forgiven or discharged, you must include the ...

www.wikihow.com/Report-Canceled-Debt-Taxable-Income

Do not report forgiven debt that was a gift. If the cancellation of a debt was intended ...

www.taxslayerpro.com/kb/50263/Cancellation-of-Debt--1099-C?language=1&category=401&page=1

Sep 1, 2016 ... The lender is usually required to report the amount of the canceled debt to you and the IRS on a Form 1099-C. Here's a very simplified example ...