Question

1099c please help

Forum|Forum|1 year ago
February 27, 2025
1 reply
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I have a small corporation and I have a business credit card which is personally guaranteed. The debt is canceled, now they send me two 1099c forms one to EIN and one to SSN. Should I just file to personal since I am personally guarantor?

T

ThomasM125

You could report it in either place, but the IRS will more likely look for it to be reported on your personal tax return, so I suggest you report it there. Keep a copy of both notices as the IRS may inquire about it later on so you will need evidence that it is a duplicate reporting.

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