When in Turbo Tax Desktop version, you will go to the FORMS mode and there will be FORM 1099 C. Under that will be Cancel Debt. Go to part VIII and you will be able to pick number 53 Were you you insolvent YES
54 amount of insolvency: probably same as total of 1099 C. 56. check elect to exclude.
These are the steps but your situation could be different so please consult a tax expert.
Katherine S 63
