https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/1099-c-form/m-p/1197947#M166002 <P>I know just from personal experience if you settle an outstanding debt and more than $600 of that debt is forgiven, you do have to claim that as income.</P> Thu, 02 Feb 2012 00:01:58 GMT Anonymous 2012-02-02T00:01:58Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/1099-c-form/m-p/1197939#M166000 I had a collection from CapitalOne that was reporting after 7yrs, so I reported it and it was removed. Now I have this that I need to report as earn income!? Can anyone please give me some advice? Thu, 02 Feb 2012 00:00:21 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/1099-c-form/m-p/1197939#M166000 Anonymous 2012-02-02T00:00:21Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/1099-c-form/m-p/1197947#M166002 <P>I know just from personal experience if you settle an outstanding debt and more than $600 of that debt is forgiven, you do have to claim that as income.</P> Thu, 02 Feb 2012 00:01:58 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/1099-c-form/m-p/1197947#M166002 Anonymous 2012-02-02T00:01:58Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/1099-c-form/m-p/1197955#M166004 Thanks! Thu, 02 Feb 2012 00:06:25 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/1099-c-form/m-p/1197955#M166004 Anonymous 2012-02-02T00:06:25Z