
Get Irs Instruction 1098-c 2017
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Receiving a 1099-C can significantly affect your taxes, as it typically indicates cancellation of debt, which may be considered taxable income. While IRS Instruction 1098-C deals with charitable donations, a 1099-C brings different tax implications. It’s essential to consult with a tax professional to understand how to manage this situation effectively and mitigate tax liabilities.
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