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I received a 1099C form. Where do I go in my tax return to add this information?
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If your debt is cancelled or forgiven, you'll receive Form 1099-C (Cancellation of Debt). Most of the time, cancelled debt is taxable, but there are exclusions and exceptions. We'll check for those after you've entered your 1099-C.
To enter your Form 1099-C in TurboTax, please follow the steps below:
- Sign in to TurboTax (if you're not already signed in).
- Click on the Take me to my Return button
- Click on the Federal Taxes tab
- Click on the Wages and Income tab
- Scroll down to Less Common Income
- Click Start on Miscellaneous Income, 1099-A, 1099-C
- Click Start on Cancellation of debt (Form 1099-C) and continue through the Interview questions.
Note: If you received a 1099-C for your main home and another 1099-C for something else (credit card, car loan, second mortgage, etc.) you won't be able to use TurboTax, as the interview doesn't support this.
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i recieved a 1099c and i need to enter it in my return thats already signrd
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If you haven't submitted your return for e-file yet, please follow the steps below:
- Sign in to TurboTax (if you're not already signed in).
- Click on Pick up where you left off
- Click on Federal tab in the left pane
- Click on the Income & Expenses tab
- Click on Add More Income
- Scroll down to Less Common Income, click Show more dropdown
- Click Start on Miscellaneous Income, 1099-A, 1099-C
- Click Start on Cancellation of debt (Form 1099-C) and continue through the Interview questions
If you’ve already submitted your return and it doesn’t reject through e-file, you’ll need to amend your return. Please see the TurboTax Help article How to amend (change or correct) a return you already filed for instruction on how to amend your previously-filed tax return.
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TurboTax (Home & Business version) does not allow me to enter 1099 C form for a cancelled debt
Any advice on how to resolve this problem?
Thanks!
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@khai_le_nc1 You would enter your cancelled debt income as follows in TurboTax:
- Income and expenses
- Less Common Income
- Miscellaneous Income, 1099-A, 1099-C
- Cancellation of debt (form 1099-C) or the abatement and/or acquisition of secured property (Form 1099-A)
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