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Question
I did debt relief but had no assets or money in the back at settlement.
AI accountant’s answer:
Typically cancelled debt is taxable. You should have received a Form 1099-C if the cancelled debt is taxable.
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Answer
Typically cancelled debt is taxable. You should have received a Form 1099-C if the cancelled debt is taxable.
No answer given yet!
Melissa Pedigo, CPA
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