Get your taxes done using TurboTax
There is no specific place to enter the Form 1099-C in TurboTax Business.
Most amounts reported on Form 1099-C represent debt that has been forgiven by a creditor. Your business has received an economic benefit from not having to repay this debt and it is considered fully taxable by the IRS.
Some qualified real property indebtedness can be excluded from income.
Assuming your business debt that has been forgiven is not excludable, you can add it under Business, Other Income, All other income.
