ILLMAS Posted February 19, 2021 Report Share Posted February 19, 2021 TP received a notice from the department of education, canceling their student loan, the notice can be used as a 1099-C, however the cancellation amount is zero, does this sound right? Or do I have to request the amount from the TP and use that amount? Quote Link to comment Share on other sites More sharing options...
Lee B Posted February 19, 2021 Report Share Posted February 19, 2021 The taxpayer should have additional info i.e. a letter from the Dept referring to the specific program under which the loan was cancelled 3 Quote Link to comment Share on other sites More sharing options...
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