Hi, I have a current similar situation.  Was your matter ever resolved?  In my case, the entity is insolvent and filed dissolution for 2021.  There are no consequences because the debt income would be non taxable by reasons of insolvency, except that the bank has not issued a 1099-C yet, or will they?  The debt was to the corp with the shareholder personally liable.  Shareholder is filing bankruptcy also.  As the guarantor, I read that he should not receive a 1099-C, however, no one knows what will be done.  If I file a 2021 final S corp and show it as final and show the COD but later get a 1099-C for a different year, say 2022, what issues would that cause?  Thus, I am curious if your matter was ever resolved.  Thanks.