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Form 1099 C: Reporting Debt Cancellation

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Generally, form 1099C, Cancelled debt (box 2) is reported on line 21 of form 1040. However, there are cases where it must be reported elsewhere, or it does not have to be reported anywhere. For more information on how to report this information or instructions for form 1099C, you can go to the IRS website which is: www.irs.gov

 

 

 

NOTE:It is important to remember that "Other Income"" of the 1040 page 1 line 21 may vary from the year 2018.

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