1099-c After Death of Spouse
Date: Tue, 03/22/2011 - 10:06
1099-c After Death of Spouse
After my wife's death in 2010 I negotiated pay-offs on her credit cart debt, each over $600. The cards were in her name only and her estate was insovent. I received a 1099-C for 2010 indicating the borrower (deceased) was liable for repayment. Do I need to report the amounts on the 1099-c as income?
The cards were in your wife's name and she is deceased now. You
The cards were in your wife's name and she is deceased now. You won't be liable for including the 1099c forms in your tax file.
