1099-C

Forum|Forum|3 years ago
March 5, 2023
1 reply
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My brother that passed away in August 2022 received a 1099-C for $1,494.00. He has a small brome hay farm and the1099-C was for a credit card that he used to purchase farm related items. Do I report the 1099-C on form 4835 with his other farm income?

TurboTax Home & Biz Windows

Cynthiad66

Yes, If the discharge of the debt took place while the taxpayer was still alive, but if the person passed away later that year, you simply include the form when you do their last return. If the discharge takes place after death, then the 1099-C becomes the responsibility of the estate

In general, file and prepare the final individual income tax return of a deceased person the same way you would if the person were alive. Report all income up to the date of death and claim all eligible credits and deductions. File Final Returns for Taxpayer

If the deceased had not filed individual income tax returns for the years prior to the year of their death, you may have to file.

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