I have two charge off settlements with two different credit card companies
1 for $1000 savings (got a 1099c)
1 for $500 savings (did not get a 1099c under $600)
Where do I report the 500 savings at?
I’m insolvent both times when the debt was charged off so I’m gonna do the Form 982 & worksheet
I just have no idea where I put the $500 savings at? & I’m assuming I do a form 982 for that as well?
Thanks!
How to report under $600 debt settlement ?
byu/Ghost-Power intax
Posted by Ghost-Power