1099-C PDF form

Understand your document

What is 1099-C?

Form 1099-C reports certain debt cancellations by applicable entities. It records the identifiable event, amount discharged and related debt information. Receiving a statement does not by itself establish the amount that must be included in a taxpayer’s income.

Records to gather

• Creditor and debtor legal names, addresses and taxpayer numbers
• Date and code of the identifiable event
• Debt discharged and interest included in that amount
• Debt description, personal-liability status and property value where applicable

Fields you will work through

The guided editor groups the supported fields into practical steps. The available fields follow the chosen revision.

Document details

Calendar year · Are you preparing more than one statement for separate accounts of this recipient?

Issuer

Payer / creditor name · Street address · City or town

Recipient

Debtor TIN · Debtor name · Street address, including apartment

Reported amounts

1 Date of identifiable event · 2 Amount of debt discharged · 3 Interest included in box 2

Additional information

Account number · 4 Debt description · 6 Identifiable event code

Check before using your PDF

• Verify the event code and date with creditor records and distinguish canceled principal from included interest.
• Review any exclusions or exceptions separately; Formz does not determine insolvency or other tax treatment.

After you prepare the document

Issuers should meet reporting requirements; recipients should verify the statement with the creditor and review the IRS guidance for their return treatment.