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1099 C Cancellation of Debt

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    1099 C Cancellation of Debt

    I have a widowed client who received a 1099 C for deceased husband's business that was filed on their joint schedule C when he was alive. I do not recognize the last 4 of the taxpyer id on the 1099 C, it's neither his nor hers, and the business did not have a FEIN. Does the widow, whose return I am preparing, have to claim the amount on this form? The event code is G, decision/policy to discontinue collection.
    Your response will be appreciated.

    #2
    What name is on the form?
    Call and ask the payer whos info is it if the SSN doesnt match.

    Chris

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      #3
      the business name is on the form. i will discuss with taxpayer - maybe it is the estate fein

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