On 1099-C, the amount of a cancelled debt in 2019 is more than $600. How is it reported in 1041 (estate)? Is it Other Income? Thank you! - Intuit Accountants Community

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On 1099-C, the amount of a cancelled debt in 2019 is more than $600. How is it reported in 1041 (estate)? Is it Other Income? Thank you!

vfix507

Level 2

‎05-25-2020 10:37 AM

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sjrcpa

Level 15

‎05-25-2020 10:39 AM

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Yes other income

Ex-AllStar