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Level 2
May 25, 2020
Question

On 1099-C, the amount of a cancelled debt in 2019 is more than $600. How is it reported in 1041 (estate)? Is it Other Income? Thank you!

  • May 25, 2020
  • 1 reply
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1 reply

sjrcpa
Level 15
May 25, 2020

Yes other income

The more I know the more I don’t know.