Question posted by wlh3091 on January 28th, 2012

Credit Card Settlement

if the crecit card company sold off the debt to a collection agancy can they still send a 1099 and if so how long do they havwe to send it to me?? i here some dont get it til 3 years later..

Current Answers

Answer #1: Posted by pellkiness on January 28th, 2012 6:57 AM
pellkiness

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June 22nd, 2010

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No. You won't get a 1099-C until the debt is "forgiven."

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    ...credit card company, enter its header. Don't reply to help you avoid phishing Microsoft - Fake link. tot="49" u="" js_q="" tm="tax, home, first time home buyer tax credit, homebuyer, how to claim the credit." The law also provides a credit...years out of the debt ...quot;1099-C Cancellation of mortgage debt"... Form for Long-Time Homeowners ...
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