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I recieved a CP2000 from the IRS stating that i did not report a cancellation of debt 1099 C which I did but turbo tax did not ask for the creditors name.

yes turbo tax did not input this debt amount on my 1040 form
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I recieved a CP2000 from the IRS stating that i did not report a cancellation of debt 1099 C which I did but turbo tax did not ask for the creditors name.

Did you do this:
In the TurboTax search box, enter 1099-c and press Enter,
Then click on the Jump to 1099-c link.
On the Tell Us About Your Canceled Debt screen, answer the questions about your form and follow the interviews.

I recieved a CP2000 from the IRS stating that i did not report a cancellation of debt 1099 C which I did but turbo tax did not ask for the creditors name.

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

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Scroll down to Less Common Income
  • On Miscellaneous Income, 1099-A, 1099-C, click the start or update button

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.

Critter1
New Member

I recieved a CP2000 from the IRS stating that i did not report a cancellation of debt 1099 C which I did but turbo tax did not ask for the creditors name.

Review your return, did that 1099-C amount show anywhere on the tax return form 1040?
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