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My brother is on disability. He is fully disabled. Depends on wheel chair and disability payment each month.
If he sends in a 1099c for his mortgage.
Will he have to pay taxes on that?
Then in turn will he loose his social security disability since that is considered income?
following
Help please
The 1099-C is for financial institutions to discharge bad debt. Take all the courses. The 1099-A or the coupon is so that he can make payment in part or in full as the beneficiary; he does not make payment with a 1099-C. Remember he is not the leander.
Sheila. This is not answered in the videos!!!!
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Following! I would like to know the answer to this as well.