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1099c question

Date: Wed, 06/10/2009 - 17:18
Submitted by on Wed, 06/10/2009 - 17:18
Posts: 202330
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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?


?????????


Submitted by on Wed, 06/10/2009 - 21:33

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