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Top Questions and Answers
How to File Form 1099-C: Cancellation of Debt. When you receive the form, you must report the amount from Box 1 on your income tax return on the ?Other income? line of your Form 1040 or 1040-SR. Note that you must include the canceled debt in your income even if it's less than $600 and you don't receive Form 1099-C.
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