Does a 1099-C from my Student loans count as income?
I got a 1099-C from my student loan for $943 because it was part of a rebate program if I paid 6 payments on time. Does this have to be filed as cancellation of debt??
Yes. Enter it on line 21 of the 1040.
Just remind yourself that if you pay 15% in tax, you STILL got 85% as a rebate. $802 off your loan balance is a good deal!
