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    1099-C

    MGC94
    Level 7
    ‎02-08-2022 05:44 PM

    1099-C. Do you write off the 1099-C so it isn’t income? 

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    3 Comments 3
    IRonMaN
    Level 15
    ‎02-08-2022 05:45 PM

    But the better question is - is it supposed to be income?


    Slava Ukraini!
    TaxGuyBill
    Level 15
    ‎02-08-2022 05:48 PM

    Then the question after that is if it is not supposed to be income, what is the reason it is not taxable?

    Just-Lisa-Now-
    Level 15
    Level 15
    ‎02-08-2022 05:51 PM
    everyone has a different situation, sometimes its taxable, sometimes they qualify for some or all of it to not be taxable.

    https://www.irs.gov/taxtopics/tc431

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪






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