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I have a 1099- C is it mandatory to put in when I am filling for my taxes?
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Yes, the IRS generally considers canceled, forgiven, or discharged debt reported on Form 1099-C as taxable income, though there are exclusions and exceptions to the rule.
When you enter your 1099-C in TurboTax, we'll ask a series of questions to determine if some or all of your 1099-C debt can be excluded.
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