Be sure to give the 1099 Form to your bankruptcy attorney. The tax authorities will cross-reference the information on the 1099s with your tax returns.
It’s important that you address this information on your own returns. To do this, you will need to file a Form 982. Form 982 is where you will put the information regarding the debt forgiveness reported by the creditor. You do not want to be taxed on that amount, so you need to explain
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