You'll need to sign in or create an account to connect with an expert.
A creditor's name is not required when entering a Form 1099-C into the TurboTax program. You only enter the cancelled debt amount, interest and if for a personal residence the Fair Market Value. You should also have indicated that Debtor was personally liable for repayment of the debt when entering a 1099-C for a personal residence.
You must have followed this procedure in the TurboTax program to report the Form 1099-C
On the next screen, on Cancellation of debt (Form 1099-C)...click the start or update button
The cancelled debt amount for personal debt would have been entered on Line 21 of Form 1040 as Cancelled Debt Income.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
sarahambercarrol
New Member
mdeloach1
Level 1
brendalubedsole
New Member
usertylerwork187
New Member
sierralkimes
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.