Deceased Spouse Cancellation of Debt
See original discussion at http://www.taxalmanac.org/index.php/Discussion:Deceased_Spouse_Cancellation_of_Debt
I have a taxpayer (Husband) that died in 2010 who had a personal credit card that the surviving spouse (Wife) refused to pay. The credit card company issued a 1099-C for the amount of the Husbands debt under his Social Security number. This all happened in 2010 and the wife will be filing a joint return.
Does she get relief from reporting the COD in 2010 since it forgiven after his date of death and it was only under his name?
Thanks I know you're all busy out there.
( Asked 04/04/11 05:44 PM in TaxAlmanac, Views by community 31 )