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Do I Have Cancellation of Debt Income on My Personal Residence?

This interview will help you determine if any of the debt canceled on your principal residence is required to be included as income on your federal tax return.

Information You'll Need:

  • Filing Status
  • Form 1099-C, Cancellation of Debt, received from your mortgage lender

Note: This interview isn't designed to address the cancellation of debt that applies to a joint liability when debt was canceled in bankruptcy and only one individual filed for bankruptcy. Please refer to Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments (for Individuals).

Estimated Completion Time: 10 minutes.

Note: After 15 minutes of inactivity, you'll be forced to start over.


Page Last Reviewed or Updated: 19-Sep-2016