Sammyvill Posted January 26, 2015 Report Share Posted January 26, 2015 I opened my mail box today morning and found a 1099 B of A. It has last years date on it with a not saying cancellation of Debt. How do I go about question the authenticity of this debt? Do I send them a DV letter asking them to prove that this was my debt? I have already disputed the debt with the Experian and I came back “validated” but I have received any collection letter of phone calls from the OC nor have I and JDB contact me.Whats your advice? Can anyone refer me to where I can find some helpful information? Thanks Quote Link to comment Share on other sites More sharing options...
TomnTex Posted January 26, 2015 Report Share Posted January 26, 2015 BofA was probably the OC and yes,, they have a right to send you a 1099 so that you can pay taxes on it. If you were insolvent at the time or filed BK tell the IRS, it will be a pass. Quote Link to comment Share on other sites More sharing options...
RyanEX Posted January 28, 2015 Report Share Posted January 28, 2015 I received a 1099 today myself, from Cap1 for about 3K. Obviously I'd prefer not to have received it, but 4 years ago I walked away from a pretty decent amount of CC debt; I'm beyond SOL on everything now, I'm good with some extra tax liability that is a small fraction of what all the debt was just a few years ago. 1 Quote Link to comment Share on other sites More sharing options...
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