If you purchase the property at a sale held to satisfy the debt, such as at a foreclosure or execution sale, use the later ... For example, describe a car as aquot;Car a 2001 Honda Accord. ... Specific Instructions for Form 1099-C File Form 1099-C , Cancellation of Debt, by February 28, 2007 (April 2, 2007, if filed electronically), for each debtor for whom you canceled a debt owed to you of $600 or more only if: 1 .
|Title||:||IRS Procedural Forms and Analysis|
|Author||:||Michael I. Saltzman, Alan W. Saltzman|