If your debt is canceled or forgiven, you'll receive Form 1099-C (Cancelation of Debt).
Note: If you received a 1099-C for your main home and another 1099-C for something else (like a credit card, car loan, or second mortgage) you won't be able to use TurboTax, as we don't support this. To enter your 1099-C:
- Open or continue your return.
- Search for 1099-C or 1099C (lowercase also works).
- Select the Jump to link at the top of the search results.
- On the Tell us about your canceled debt screen, select the type of canceled debt (main home or other) and then select Continue.
- Go through the screens to answer any follow-up questions about your canceled debt.
- Follow the instructions to enter info from your 1099-C.
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