Credit card debt and 1099c forms. Once you file taxes will your credit card debt with company be gone?

Question by Kee Kee: Credit card debt and 1099c forms. Once you file taxes will your credit card debt with company be gone?
I recieved a 1099c form from a credit card company for a settled credit card debt. The amount is for $ 10,000. I only make $ 31,000 per year. Will I end up owing on taxes due to being in a different tax bracket?Will the debt finally be gone?


Best answer:
Answer by boilerette72Sounds like your debt to the credit card is gone, but you're going to pay tax on the

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