DianeW777
Expert Alumni

Get your taxes done using TurboTax

I can understand that. For IRS purposes, if you do not receive a Form 1099-C for cancelled debt, you should file your return for 2020. There's no harm in waiting, a while since it's early in the season, especially if you are concerned that you might owe money back.

 

If you should receive the document later and it's dated 2020, then you can amend your return by using the links below.

If you should get the form it should be entered into TurboTax using the following steps.

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.
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