Form 1099-C
Cancellation of Debt
Lenders and other creditors report canceled or forgiven debt on Form 1099-C. Enter the date of the identifiable event, the amount discharged and the event code; the debtor receives Copy B.
What it reports
- Credit card, auto loan and personal loan balances a creditor canceled
- Debt discharged in a settlement, foreclosure or bankruptcy
- Whether the debtor was personally liable and the fair market value of any property
What you'll get
- Recipient Copy B, the official IRS edition for the tax year, as a PDF per recipient
- A ZIP with every PDF when you prepare several
- Downloads on your order page for 30 days, plus an email link
Copy A, the copy filed with the IRS, is filed electronically (for example through the IRS IRIS portal) or on the official scannable form, so it is not included.
How it works
- 1Enter the information once; add every recipient you need.
- 2Check the official form, filled in, in the live preview.
- 3Pay once and download your PDF right away.
Questions
What is the identifiable event code?
A letter from A to H in box 6 that names what triggered the cancellation, such as G when a creditor decides to stop collecting or F for a discharge by agreement. The editor lists each code with its meaning.
Does interest go in box 2 or box 3?
Box 2 is the total amount discharged. If that total includes interest, enter the interest part in box 3 as well; the form keeps box 3 within box 2.
Which tax years can I prepare Form 1099-C for?
2025 and 2026. Each year uses the IRS edition in effect for it, and the preview shows exactly that edition.
How much does Form 1099-C cost?
$9.99 per recipient, paid once at checkout. There is no account, subscription or extra fee, and you see the full filled form before you pay.