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Case 2110549Doc 6Filed 03/10/21Page 1 of 13IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE)))))))In re: SC SJ HOLDINGS LLC, et al.,1 Debtors. Chapter 11 Case No. 2110549 (LTD) (Joint
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2 form debtor has refers to the Form 1099-C, Cancellation of Debt form.
Financial institutions and creditors are required to file Form 1099-C when a debtor has had debt canceled, forgiven, or discharged.
To fill out Form 1099-C, the creditor will need to provide information about the debtor, the amount of debt canceled, and the reason for the cancellation.
The purpose of Form 1099-C is to report canceled debts to the IRS and the debtor, so they can be included as income on the debtor's tax return.
The information that must be reported on Form 1099-C includes the debtor's name, address, Social Security number, the amount of debt canceled, and the date of cancellation.
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