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1099 on out of SOL debt


Geekguy
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Have a few debts that are outside of SOL. Recently recieved a summons for one of them from Unifund that I will be using the SOL as defense. I was not sure if since the debt had bneen transferred to a collection agency if the OC could at some point give you a 1099 on the debt so that it would be considered income for tax purposes.

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Its highly unlikely you'd get anything from the OC after so many years, surely they no longer own it and cannot issue a 1099. The 1099 would have to be issued for the tax year in which the debt was 'forgiven' .. its unlikely they'd issue you one that is years old.

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