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Form 1099-C is used to report which of the following? A. Amounts past due to aid in collection B. Cancellation debt made by an individual
Form 1099-C is used to report which of the following?
A. | Amounts past due to aid in collection | ||
B. | Cancellation debt made by an individual lender in their personal capacity | ||
C. | Only taxable cancellation of debt | ||
D. | Cancellation of debt in an amount exceeding $600 |
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