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hja_54
New Member

We got two 1099-c in the mail after we had filed our taxes. what do we do now? they was for cancellation of debt on credit cards.

 
1 Reply
Tonita
Level 2

We got two 1099-c in the mail after we had filed our taxes. what do we do now? they was for cancellation of debt on credit cards.

You will need to Amend your 2016 tax return.  You should not try to amend your return until it has been fully processed and you have received your refund or your payment has cleared.  Amended returns do not “catch up” to your original return and replace them;  they are processed as two separate returns.  

 

Amended returns have to be printed and filed by mail.  It can take the IRS up to 12 weeks or longer to process them.   If you are due a larger refund than on your original return, your amended return should only show the difference and you will receive a separate check for it.  If you owe money on your amended return, it will show only the new amount owed, you will have to mail a check with the return.

 

Please see the TurboTax FAQ below for more information.

https://ttlc.intuit.com/replies/5114064


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