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1099-C and Charge off

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Anonymous
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1099-C and Charge off

Received a 1099-C for $ 755.00. I reported it on my 2008 taxes. The debt was charged off 5 years ago. The last activity on the account was 05/2002.

 Since the Creditor 1099-C this debt, can they keep reporting a balance and a charge off every month?

What can I do about this?

 

Message 1 of 2
1 REPLY 1
Anonymous
Not applicable

Re: 1099-C and Charge off

Once an account is charged off it will always show as one, even if it is paid.

 

 

Message 2 of 2
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