ok we filed bankruptcy and were discharged in january we filed our taxes as usual. After filing we received a 1099c from a creditor. It was a check advance place it was for 630.00 what do we do with this and can we just file an amended return?
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File an amended return. You should also look up IRS Form 982 so that you can claim this 1099-C (Forgiveness of Debt) as discharged in bankruptcy. This should not create any new tax liability (when you amend and file the 1099-C using the Form 982).
Always check with your tax preparer or adviser. I have never used Form 982 (for insolvency/bankruptcy), so I only know this from preparations I made in anticipation of receiving one or more.Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
Status: (Auto) Discharged and Closed! 5/10
Visit My BKForum Blog: justbroke's Blog
Any advice provided is not legal advice, but simply the musings of a fellow bankrupt. -
What year was the 1099 issued for? It could go with 2014 tax filing.11/23/'10-filed ch 13. 1/6/'11-341, confirmed. Below median. Plan completed 11/30/2015. DISSCHARGED 4/4/2016.JPComment
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Yes, please look at which year is embossed on the 1099-C. It may be a 2014 1099-C.
(Thank spidge!)
Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
Status: (Auto) Discharged and Closed! 5/10
Visit My BKForum Blog: justbroke's Blog
Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.Comment
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It says 2013 just dont want to mess anything upComment
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The important date is the date of identifiable event in box 1.LadyInTheRed is in the black!
Filed Chap 13 April 2010. Discharged May 2015.
$143,000 in debt discharged for $36,500, including attorneys fees. Money well spent!Comment
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there is nothing in that box I have contacted them and they refuse to re issue it.Comment
Bankruptcy Wizard
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