Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Student Loans - Cacellation of Debt

RosaG
Level 1

For 2021, Is the income from 1099- C Cancellation of Debt from Students Loans from private lenders taxable?

0 Cheers
1 Comment 1
qbteachmt
Level 15

Was it for public service? Or, for health care in an underserved area (debt subsidy)?

Was it because the student is disabled or died?

Was it because the person filed for bankruptcy?

Was it for one of the for-profit school scandals?

*******************************
"Level Up" is a gaming function, not a real life function.
0 Cheers