Hello,

I settled a debt for $500 (the original debt owed was $1,900). I assumed that I would receive a 1099-c for the cancellation of debt, but I never did.

I called the debt collector and asked if they had sent sent out a 1099-c in regards to my debt cancellation, and they told me that they had not and will not because the debt does not qualify for a 1099-c. They didn't have an answer as to why it does not qualify. They also informed me that they did not submit a 1099-c to the IRS.

I'm pretty sure that I still need to report this as income for 2014, but I have not official document stating the amount of cancelled debt, date, etc. How do I submit this as income? Is it something I should worry about? Thanks for any help. I appreciate it!

Best,

Ed