Latest Posts
Home > Tag Archives: Forgiven Student Loan

Tag Archives: Forgiven Student Loan

I Receive a 1099 for a Forgiven Student Loan. How Do I Pay the Taxes? – John


“Dear Jim, Parent plus loan forgiven in Permeant disability. Received 1099C for $53,000 Loan amount and $33,000 in Interest. How does one pay the taxes when the only income is SS Disability. John” John, First, you should confirm that the cancellation of debt income is taxable. The cancellation of debt (reported on Form 1099C) is income. However, the question always ... Read More »

    Get My FREE Get Out of Debt Guy Newsletter

    I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.You can unsubscribe at any time with just one click.After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

    I promise to keep your email safe and secure.