Silver Spring, MD asked in Tax Law for Pennsylvania

Q: hello , I had a 1099c for credit card charge off debt forgiveness 2015/2016. Can I file as insolvent to have this 1099c

To be considered non taxable with form 928?

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1 Lawyer Answer
Frank Huerta Jr
Frank Huerta Jr
Answered
  • Tax Law Lawyer
  • Fresno, CA

A: Publication 4681 gives you guidance to properly enter form 928. Page 6 of the publication 4681 has the worksheet that can help you determine your level of insolvency.

1 user found this answer helpful

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