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1099-C for Cancelled Debt?

‘Tis the season, I guess. I came across this article by Gerri Detweiler on credit.com’s blog with some ideas on how to deal with the tax implications of receiving a 1099-C for cancelled debt. Tax matters are complicated, and you should always consult with an experienced advisor. Nevertheless, the article does give some food for thought on matters to discuss with your tax advisor.

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