Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 03-27-2014, 11:24 PM
Junior Member
 
Join Date: Mar 2014
Location: Arizona
Posts: 2
Cancelled Debt 1099-c

My parents live with me, they are both on Social Security. They haven't filed taxes since they moved into my house. My mother had a stroke 7 years ago, she had an outstanding student loan which was cancelled and written off in 2013. I claim her on my taxes as a dependent. Does she need to pay taxes on the student loan if she is disabled and had her loan forgiven?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
1099-c student loan debt/bankruptcy buster Income 5 05-29-2013 06:16 AM
Reporting (Possible) Cancelled Debt pcambo Income 1 03-22-2013 03:42 AM
1099-c Cancelled credit card lanalang08 Income 1 03-16-2011 05:48 AM
C Corporation receives 1099-C Canceled Debt Suzanne C-Corporation 1 02-05-2011 12:00 AM
Californians who lose their homes may face state income debt on cancelled debt!! TaxGuru California 0 09-09-2009 10:57 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.