1099-c

[Susan]

Client received a 1099-C from the State Education Assocation to the tune of $15,000

Line 21 - Other income?

Any other information I should ask for?

Thanks

[Susan]

More Info

Client received this as part of being an eligble participant in a Loan Forgiveness Program.

[Matt Sova]

Insolvent

If they were insolvent at the time the debt was cancelled that it is not taxable. Otherwise, line 21.

[Susan]

Thanks

Thanks Matt,

She's a dentist, own home, etc.......