1099-C and Lupus

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  • cathe
    Member
    • Jan 2007
    • 71

    #1

    1099-C and Lupus

    Client with Lupus received 1099-C cancellation of federal student loan debt because of her illness. Any exeption that would apply? No bankruptcy, no insolvency. Debt is $56,000.

    Cathe
  • taxmom34
    Senior Member
    • Nov 2008
    • 732

    #2
    i was under impression that federal student loans could not be forgiven by bankruptcy, am i wrong?

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