Lenders should not report student loans discharged under ARPA

Lenders should not report student loans discharged under ARPA

The IRS advises that Form 1099-C, Cancellation of Debt, should not be filed for student loans covered by the ARPA temporary special rule excluding most discharges from borrowers’ income.
Source: Tax News
Read More here – Lenders should not report student loans discharged under ARPA