I am working on a 2011 tax return for a late filer. He has a 2011 1099-C but the date of cancellation is 1/13/12. I have never run across a 1099-C with a debt cancelled in the year AFTER the date on the form.
I am assuming I still report it in the 2011 but was unsure.
Can anyone provide any insight into this?
Thanks in advance for any assistance!
I am assuming I still report it in the 2011 but was unsure.
Can anyone provide any insight into this?
Thanks in advance for any assistance!