Form 982, insolvency from 1099-c

Forum|Forum|4 years ago
May 7, 2022
1 reply
4 views

Hello! I received three 1099-c forms for cancelled debt, my tax pro said that I do not have to put these on my tax return because I am actually insolvent. He walked me through the insolvency worksheet and told me all I have to do on TT is include form 982 but I am not seeing this form, I am able to download it through the IRS website but how do I get that onto TT?

Best answer by Critter-3

To populate the form 982 you must do this by using the downloaded program in the forms mode using an override. If you are not comfortable doing this then either us a local tax pro or upgrade to one of the LIVE options online.

Bsch4477

Level 15

https://www.google.com/amp/s/ttlc.intuit.com/community/tax-credits-deductions/discussion/how-can-i-get-form-982/00/668463/amp

codygum1Author

Level 2

Thanks for the reply! I seen that post, I searched Form 982 and it said jumped to form 982 and it took to me fill out form 1099-c. I then put in my 1099-c info but there was no location for me to put in the excluded debt. This is actually negative