Have a client who purchased equipment in January. In August he did a voluntary return. It is a recourse loan. I am told he hasn't heard from the lender since the equipment was resold other than to let him know he still owes approx 15K. When is this entered on the tax return? Shouldn't he have received a 1099-C or something similar from the lender? At that point would it be handled?  For some reason, this isn't clear to me. This grey blonde is having a moment. Would appreciate someone remind me what I am forgetting.