SharonD007
Expert Alumni

Get your taxes done using TurboTax

Follow the instructions in the TurboTax article How do I report excludable (non-taxable) canceled debt? to add Form 982 to your tax return. You will to select the type of debt you are excluding from your income.

 

Refer to the TurboTax articles When to Use Tax Form 1099-C for Cancellation of Debt and  Guide to Debt Cancellation and Your Taxes for more information.

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