Established Contributor
kjm79
Posts: 1,008
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. 


Starting Score: TU? EQ 585 EX? (12/06) (CH 7 bk 11/04)
Current Score: (5/12) TU 699 (myFICO) TU 709 (WalMart) EQ 690 EX 686 (CC denial 7/11)
Goal Score: 720 Across the Board by Mid 2012
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