Deceased student

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  • MForbes
    Junior Member
    • Feb 2015
    • 1
    #1

    Deceased student

    I have a 19 year old that passed away last year (Cancer). Her mother had the school cancel her "Federal Student Loan" and they did it via a 1099-C.
    They coded it as F. Is there anyway to avoid this as a normal cancellation of debt since her cancellation was due to death?
    Tags: None
    • BP.
      Senior Member
      • Oct 2005
      • 1750
      #2
      Was it the student who received the 1099-C? What about insolvency? The student might qualify with student loan debt at date of death. TTB 14-13 has a worksheet.

      (BTW- For 2018-2025, there's an exclusion for student loan debt canceled for death or disability.)
      Last edited by BP.; 03-20-2018, 01:42 PM.

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