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Is Discharged Student Loan Taxable? (Disability)

Aspire2BeMore

By Aspire2BeMore
in Student Loans

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Aspire2BeMore

Aspire2BeMore

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If your Student Loan was permanently discharged due to permanent disability, is the amount of the debt reduction still considered taxable income?

 

It was discharged in 2007 and I have not yet received a 1099-C.

 

I would really like to know the answer to this question as I am worried about the taxes I might owe.


Aspire2BeMore

Aspire2BeMore

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Please think real hard. The IRS can't give me an answer--- they shifted me to five different people that had no clue. The Dept. of Education tried to give me an answer but had no clue then they wanted my name and SSN before giving me the answer. For obvious reasons, I don't want to do bring attention to myself.

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