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question about 1099c

Date: Sat, 02/13/2010 - 16:32

Submitted by anonymous
on Sat, 02/13/2010 - 16:32

Posts: 202330 Credits: [Donate]

Total Replies: 5


Hey I have a question about 1099c - how long does it generally take to arrive? Do the companies send a copy to your house? I want to do my taxes, but I am afraid I will recieve my 1099cs in the mail after I file. I'm just not sure whether they will send one this year or next because I settled at the end of 2009. (Last settlement payment on one account on Dec 25th!) Does anyone have any experience with this? How long does the process usually take? Thanks!


If I am not mistaken it must be postmarked by the end of January 31st, just like W-2's.....even if you do your taxes and then get it, you can still give it to your tax guy if any changes need to be made, no big deal.

As far as if you will get one is another question. I settled for less than a full balance about 3 years ago and never got a 1099-C.


lrhall41

Submitted by pokertramp on Sun, 02/14/2010 - 16:54

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I think the companies have to file their paperwork by mid October and finalize it in November, so most likely you would get it next year. although on a personal note, my husband just got a 1099 c from a debt that was written off in 1997. There seems to be a lot of grey area around this.


lrhall41

Submitted by on Tue, 02/16/2010 - 11:29

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