does lvnv ever send a 1099c
Date: Wed, 07/28/2010 - 03:18
If you settled an account and $600 or more was "forgiven," the c
If you settled an account and $600 or more was "forgiven," the company is supposed to file a 1099-C and you are supposed to claim the amount forgiven as income when you file your taxes.
I've read dozens of posts on many different forums and have yet
I've read dozens of posts on many different forums and have yet to see one where anyone was issued a 1099-c by LVNV
Quote:Originally Posted by NASCAR_DevilI've read dozens of posts
Quote:
Originally Posted by NASCAR_Devil I've read dozens of posts on many different forums and have yet to see one where anyone was issued a 1099-c by LVNV |
Thanks for the info.
Quote:Originally Posted by OhioGal1If you settled an account and
Quote:
Originally Posted by OhioGal1 If you settled an account and $600 or more was "forgiven," the company is supposed to file a 1099-C and you are supposed to claim the amount forgiven as income when you file your taxes. |
We didn't settle a debt.
You don't need to pay taxes on the amount, if you can prove it's
You don't need to pay taxes on the amount, if you can prove it's more than your assets. (At least that's how I read the rules.)
If you get a 1099c, and have to file it with your tax return, ca
If you get a 1099c, and have to file it with your tax return, can you file taxes separate from your spouse, if you prefer to do that?
You can always file separately from your spouse if you so desire
You can always file separately from your spouse if you so desire.