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Level 2
February 23, 2024
Solved

MFJ both receive a 1099 C same lender same amount enter just 1 1099C.

  • February 23, 2024
  • 1 reply
  • 15 views
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Best answer by IRonMaN

I would report both 1099Cs on the tax return and then add a line item in other income something to the effect of "duplicate 1099C received" and enter a negative amount for the amount of the 1099C

1 reply

IRonMaN
Level 15
February 23, 2024

Same lender, same amount as in they both received the same form or did they each receive the form with half of the amount of debt forgiven?

Slava Ukraini!
Rpk1Author
Level 2
February 23, 2024

Same amount same form one in his name one in her name and it is for the full amount of the debit

IRonMaN
IRonMaNAnswer
Level 15
February 23, 2024

I would report both 1099Cs on the tax return and then add a line item in other income something to the effect of "duplicate 1099C received" and enter a negative amount for the amount of the 1099C

Slava Ukraini!