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Posted by Phil Marti on February 27, 2008, 2:42 pm
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> Taxpayer dies in January 2007. Heirs just received 1099C (debt
> forgiveness) for balance on student loans (about $15,000) . Not in
> bankruptcy and I don't believe she was insolvent.
>
> Has anyone run into this - how did you handle?
Something is missing. If the decedent wasn't insolvent the loans should
have been paid from the estate. If the estate paid them there shouldn't
have been a 1099-C. Can you fill in the blanks?
--
Phil Marti
Clarksburg, MD
--
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