Hi all. I defaulted on some student loans about 6 years ago. They sent me a 1099-C and I reported it on my taxes correctly at that time. Apparently they had put more on the 1099-C than I really owed. It was a small amount, a few hundred dollars but I was never aware. They just sent me a check this week, explaining they had erroneously reported more than they were supposed to. Is this common? I feel like I should check with you guys before I cash them. I don't know what the legal rules are with resetting statutes and what not. If these loans fell off my report and are passed the statute in my state would this restart the statute? Thanks !
