Deceased taxpayer received 1099C for credit card debt. The estate was deemed insolvent on date of death by the court. The credit card company issued the 1099C after they received the paperwork from the court regarding insolvency.
I know the 1099C needs to be reported on Form 1041. What line? I am thinking line 8 for the income and line 15a (deductions not subject to 2% floor) for the deduction.
Any thoughts?
I know the 1099C needs to be reported on Form 1041. What line? I am thinking line 8 for the income and line 15a (deductions not subject to 2% floor) for the deduction.
Any thoughts?
Comment