Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
ccoonse12
New Member

I received a 1099c cancellation debt after I have already e filed and the it's has accepted. What do I do?

 
1 Best answer

Accepted Solutions
DanaB
Intuit Alumni

I received a 1099c cancellation debt after I have already e filed and the it's has accepted. What do I do?

If your return has been already accepted by the IRS, you will have to file an amended return (1040X) to include the form 1099C. But you might want to wait until your refund or payment is processed. The IRS will only accept amended returns via mail.

The 1040X form for 2018 hasn't been approved yet by IRS. Please, keep checking the following information on how to amend your return; it will be updated once the 2018 form is released:

https://ttlc.intuit.com/replies/3288565

View solution in original post

7 Replies
DanaB
Intuit Alumni

I received a 1099c cancellation debt after I have already e filed and the it's has accepted. What do I do?

If your return has been already accepted by the IRS, you will have to file an amended return (1040X) to include the form 1099C. But you might want to wait until your refund or payment is processed. The IRS will only accept amended returns via mail.

The 1040X form for 2018 hasn't been approved yet by IRS. Please, keep checking the following information on how to amend your return; it will be updated once the 2018 form is released:

https://ttlc.intuit.com/replies/3288565

ccoonse12
New Member

I received a 1099c cancellation debt after I have already e filed and the it's has accepted. What do I do?

So I can wait until after I have my refund and pay whatever taxes if any later?  
DanaB
Intuit Alumni

I received a 1099c cancellation debt after I have already e filed and the it's has accepted. What do I do?

Yes, you can do that.
ccoonse12
New Member

I received a 1099c cancellation debt after I have already e filed and the it's has accepted. What do I do?

Okay! Thank you! I will wait to see what the IRS decided on the form first and go from there after I receive my refund. I won't be in trouble if I wait correct?
DanaB
Intuit Alumni

I received a 1099c cancellation debt after I have already e filed and the it's has accepted. What do I do?

As long as you file and pay any taxes due until April 15th you should be fine.
ccoonse12
New Member

I received a 1099c cancellation debt after I have already e filed and the it's has accepted. What do I do?

Okay I have read there was a 3 year grace period but that may be incorrect.
DanaB
Intuit Alumni

I received a 1099c cancellation debt after I have already e filed and the it's has accepted. What do I do?

Yes, you can usually amend a return within 3 years, but if you owe taxes you will still incur interest during that time.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.48m
Members

2.61m
Discussions

Manage cookies
v