Established Contributor
Posts: 1,010
Registered: ‎01-22-2008
Student Loan Discharged? You may owe the IRS!

http://gma.yahoo.com/jersey-womans-student-loan-debt-creates-tax-nightmare-134134842--abc-news-topst...

 

Unless you can prove insolvency PRIOR to the discharge and/or cancellation of student loans you WILL get a 1099-C and will be taxed. 

Valued Contributor
Posts: 2,736
Registered: ‎08-13-2009
Re: Student Loan Discharged? You may owe the IRS!

Ouch.