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

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