
Get Irs 1098-c 2010
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The IRS form 1099-C pertains to the cancellation of debt rather than vehicle donations, which is covered under the 1098-C. When a lender forgives or cancels a debt of $600 or more, they report this to the IRS using the 1099-C. This form helps to notify you that you may have taxable income due to the canceled debt. It's crucial to differentiate between these forms to avoid confusion during tax season.
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