Posted on: 15th Jan, 2011 03:47 pm
My only mortgage was charged off on 12/29/2010, so who owns the house now? The mtg company has offered me a 30% settlement due Jan 28, 2011 which is still something I cannot afford. Will I receive a 1099 C for my 2010 taxes? My husband and I are both college students and are afraid that we will lose our Pell grant if it is reported to the IRS
Hi mmccord,
If your debts are forgiven by the lender, then you will receive the 1099c from him and you'll have to attach it with your tax papers.
Thanks,
Jerry
If your debts are forgiven by the lender, then you will receive the 1099c from him and you'll have to attach it with your tax papers.
Thanks,
Jerry