ColeenD3
Expert Alumni

Get your taxes done using TurboTax

You will need the Deluxe program.

 

 

How do I enter a 1099-C?

 

If your debt is canceled or forgiven, you'll receive Form 1099-C (Cancelation of Debt).

Note: If you received a 1099-C for your main home and another 1099-C for something else (like a credit card, car loan, or second mortgage) you won't be able to use TurboTax, as we don't support this.

To enter your 1099-C:

  1. Open or continue your return, if it isn't already open.
  2. From the upper right menu, select and search for 1099-C or 1099C (lower-case also works).
  3. Select the Jump to link at the top of the search results.
    • If using Free Edition or TurboTax Live Basic, follow the prompts to upgrade to Deluxe.
  4. On the Tell us about your canceled debt screen, select Yes.
  5. Select the type of canceled debt (main home or other) and then select Continue.
  6. Follow the instructions to enter info from your 1099-C.