If you have evidence that the alleged canceled debt was incorrectly attributed to you, you could report the 1099-C in TurboTax under Miscellaneous Income, 1099-A, 1099-C since the amount would have been reported to the IRS. Then, go to Other Reportable Income, click to Add an income item, and make a separate entry for the same amount as a negative number, and in the Description box state something like "Cancelled debt was not my debt". This would cancel out the income.
See this IRS article for more information regarding the taxability of cancellation of debt.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
