Client has 1099-C for $3259. Form indicates (box 6 ) this debt was not part of bankruptcy proceedings. But client states it was along with other items. Client has court papers showing it was part of proceedings. If this was part of bankruptcy it not reported as forgiven debt, but if it was not part of the proceedings, it should go on 1040 line 21 as other income. Should client go back to the issuer of the 1099-C and request a corrected copy? I don't plan to include this in his come, so not exactly sure how to proceed.
Help please?
Thank you.
Help please?
Thank you.
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