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I received a 1099-c for a debt that was paid off

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Joined: 31 Jan 2016
kparks2001's page
Posts: 1

13 Magic Points

Subject: I received a 1099-c for a debt that was paid off
Posted on Sun Jan 31, 2016 3:11 pm  

I had taken out an online loan in 2014, which I was delinquent on, so they sold it to a collection agency. I did pay the collection agency the amount owed within 2 months. Now I'm receivng a 1099-c for that loan and having to report it as income - but it wasn't. How can I show this on my return that the debt did get paid? It makes a significant difference on my refund.

Posted on Wed Feb 03, 2016 5:01 am  

which CA are you talking about?

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