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If I have a charge off from a couple credit cards, can I put all of the charge offs from them on this years taxes or do I need to go back last year and amend my taxes?

 
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If I have a charge off from a couple credit cards, can I put all of the charge offs from them on this years taxes or do I need to go back last year and amend my taxes?

Are you trying to ask what to do with a 1099-C?

 

https://ttlc.intuit.com/community/tax-topics/help/how-do-i-report-excludable-non-taxable-canceled-de...

 

https://ttlc.intuit.com/community/credits-and-deductions/help/is-canceled-forgiven-or-discharged-deb...

 

 

 

If you got a 1099-C for 2018 it has to go on your 2018 return--not your 2019 return, so if that is the case, then you need to amend your 2018 tax return.

 

Only 2019 data goes on a 2019 tax return.  If you have a 2019 1099-C it goes on your 2019 tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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3 Replies

If I have a charge off from a couple credit cards, can I put all of the charge offs from them on this years taxes or do I need to go back last year and amend my taxes?

Please explain what you are talking about.  Charge offs for what exactly?   What are you trying to do?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

If I have a charge off from a couple credit cards, can I put all of the charge offs from them on this years taxes or do I need to go back last year and amend my taxes?

Are you trying to ask what to do with a 1099-C?

 

https://ttlc.intuit.com/community/tax-topics/help/how-do-i-report-excludable-non-taxable-canceled-de...

 

https://ttlc.intuit.com/community/credits-and-deductions/help/is-canceled-forgiven-or-discharged-deb...

 

 

 

If you got a 1099-C for 2018 it has to go on your 2018 return--not your 2019 return, so if that is the case, then you need to amend your 2018 tax return.

 

Only 2019 data goes on a 2019 tax return.  If you have a 2019 1099-C it goes on your 2019 tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

If I have a charge off from a couple credit cards, can I put all of the charge offs from them on this years taxes or do I need to go back last year and amend my taxes?

That was exactly the question. Thank you for your help. I filed my 2019 taxes and got a 1099-C two months later. 

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