06-10-2009, 05:18 PM
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1099c question
The SOL just expired on two old credit cards. If the debt owner sends a form 1099c to me, will the balance be only the original debt amount at time of default?
Does a 1099c report the interest and fees? Does the IRS use the interest and fees in calculating taxable amount? 
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06-10-2009, 09:33 PM
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?????????
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