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- On 1099-C, the amount of a cancelled debt in 2019 is more than $600. How is it reported in 1041 (estate)? Is it Other Income? Thank you!
On 1099-C, the amount of a cancelled debt in 2019 is more than $600. How is it reported in 1041 (estate)? Is it Other Income? Thank you!
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vfix507
Level 2
05-25-2020
10:37 AM
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1 Comment 1
sjrcpa
Level 15
05-25-2020
10:39 AM
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Yes other income
The more I know, the more I don't know.
