TY 2021 1099-c

[Skylane]

A client received a CP2000 for a non-identified 1099-C for TY2021. 

edit: this is cancellation of credit card debt

I think TY2021 had some special rules for cancellation of debt due to the pandemic. Can anyone point me in the right direction?

Happy New Year

[qbteachmt]

Exceptions and exclusions (I'm not sure what you are trying to remember):

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

[Terry53029]

The  Consolidated Appropriations Act, 2021 provided some relief. Don' believe credit card debt has any exceptions, but here is a link for the exceptions (not official) 

https://www.claconnect.com/en/resources/articles/2021/covid-19-debt-relief--without-a-tax-bite-later

[Skylane]

Thanks @Terry53029 ,  that’s what I was looking for and agree there’s nothing there for cc debt….. we spoke in general terms and she’s going through the insolvency exercise but I’m not very hopeful…. I think she’s SOL.