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I am amending my tax return because I received a 1099-C. I need to "review" the submission because it says I entered something incorrectly under section II...how?

It's under section II for property
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1 Reply
ColeenD3
Expert Alumni

I am amending my tax return because I received a 1099-C. I need to "review" the submission because it says I entered something incorrectly under section II...how?

 

Enter your Form 1099-C exactly as it appears. There should only be three questions answered:

 

1) Tell us about your canceled debt. You would answer other debt.

 

2) Is This for Personal Debt? Yes

 

3) Enter Some Info from Your 1099-C. Enter the amount and the interest amount if any.

 

If your debt is canceled or forgiven, you'll receive Form 1099-C (Cancelation of Debt).

Note: If you received a 1099-C for your main home and another 1099-C for something else (like a credit card, car loan, or second mortgage) you won't be able to use TurboTax, as we don't support this.

To enter your 1099-C:

  1. Open or continue your return, if it isn't already open
  2. From the upper right menu, select and search for 1099-C or 1099C (lower-case also works)
  3. Select the Jump to link at the top of the search results
    • If using Free Edition or TurboTax Live Basic, follow the prompts to upgrade to Deluxe
  4. On the Tell us about your canceled debt screen, select the type of canceled debt (main home or other) and then select Continue
  5. Go through the screens to answer any follow-up questions about your canceled debt
  6. Follow the instructions to enter info from your 1099-C

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