Cancellation of Debt

[Sandbug634]

I have a client that received a 1099-C  (Cancellation of Debt) for a credit card in her deceased spouse name and his social security number.  Does she have to claim it on her returned?  He died in 2016.

[Sandbug634 · Accepted solution]

It's not an estate or property debt.  It is a credit card in his name and it was not a joint account.  If her name and social security number is not on it,  is she still responsible.  I would think she did not have to report it.  

[sjrcpa]

You're talking to yourself, and answering your own question. 😏 We like that. We had a blind squirrel around here that did that. RIP Henry. Bet you're glad you're not around for this tax season.