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Questions on claiming insolvency to address 1099-c

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    Questions on claiming insolvency to address 1099-c

    Anyone with any knowledge or experience of having debt forgiven and then getting 1099-c(s)? Ideally you match my situiation: married; i filed for bk; spouse did not , but instead did debt negotiation and recvd some 1099-C s.
    we own a home together. so my qquestion is when we tally her assets and liabilities, do we say she has 50 pct of the home and 50 pct of the mortgage? Or can you reasonably parse a mortgage. Wehile I can see that if the house were sold, she cd get 50 pct, 50 pct of a mortgage cannot exist. I cannot send 50 pct of teh mortgage and expect it to count as a whole payment, eg.

    so if anoyne has ever done this -- married filing jt and onbe spouse did 1099-c w/ jt home ownership, I 'd be curious what you did.

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