Zee's Posts

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Zee's Posts

Hi Tax Lady, it is a private loan, student loan is the debt description and borrower was personally liable. It is not a parents plus loan , they co - signed the loan for their daughter. code is F
1099C was given to the student and her parents for a canceled debt that the student received from a student loan. She isn't a teacher . Who has to report the 1099C?   The student is the borrower and ... See more...
1099C was given to the student and her parents for a canceled debt that the student received from a student loan. She isn't a teacher . Who has to report the 1099C?   The student is the borrower and the parents are co borrowers.
Is a 1099-C for a student loan discharged taxable income?