Originally Posted by lisah64
My husband cosigned on a truck for our son several years ago and they both received 1099C's this year, do they both have to claim this as income?
Only one of the two persons reports ; usually the primary. Two people don't pay taxes on the same income. But if the primary doesn't pay the taxes on it, they can come after your spouse. However, if you claim your son as a dependant, because he has no income, you may be required to claim it.