1099-c with code g on a farm

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  • CrazyTaxLady.AmyLarsen
    Junior Member
    • Feb 2020
    • 1
    #1

    1099-c with code g on a farm

    Question for the board. Background - Farmer with AG loans. Received a few 1099-C's this year (2019) with Code G meaning that the lender is not seeking the balance.
    So the question is HOW do I enter this on the Schedule F?
    Tags: None
    • Twin Turbo Z
      Senior Member
      • Feb 2014
      • 372
      #2
      Tied to operating loan ? Or to an equipment loan ? Farmer going bankrupt ?

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