I am reviewing 1099-c for a customer who had two loans and a DDA account charged off. Each of the two loans were above the $600 filing threshold and the DDA account was less than $600.

The instructions state that you should not aggregate debt to determine whether you meet the $600 reporting requirement. Since I already meet the requirement on each of the two loans, can I also include the DDA charge off?

I'm thinking that the answer is yes--just looking for a consensus.

My personal opinion, it is less than $600, I did NOT report it. I just finished my reporting last week, I skipped reporting accounts less than $600. Even if there were other accounts over $600. It is very vague so I erred on the side of caution. That is what I did, just my opinion.

You may report amounts under $600. You must report amounts of $600 or more.