Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

How to show a credit forgiveness received for a dependent child in parents tax return

Highlighted
Level 1
last updated ‎February 21, 2020 12:02 PM
 
Labels (1)
0 Cheers
3 Replies 3
Highlighted
Level 15
Level 15
last updated ‎February 21, 2020 12:02 PM

It would go on the dependents return, if they have a filing requirement.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Highlighted
Level 10
last updated ‎February 21, 2020 12:02 PM

Does this question involve a Form 1099-C, cancellation of indebtedness?  (Credit is rarely forgiven.)  Does it involve a student loan co-signed by a parent?  

0 Cheers
Highlighted
Level 1
last updated ‎February 21, 2020 12:02 PM

Yes, this involve a student loan co-signed by a parent?  

 

Received a 1099-c for Student loan forgiveness.

0 Cheers