@Whitney5522 You will be the one that needs to file the return reporting the 1099C. As Amy C referenced in the previous post, the issuer sent your mom the form as well as yourself. If the IRS decides to ask about it in a few years, tell her to tell them it was reported on the borrower's return, She was just a cosigner. To report in Turbo Tax.
- Log into Turbo Tax.
- Go to Your tax returns & documents and select 2019.Next choose to amend (change) 2019 return.
- After going through the questions you will go to federal>wages and income
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Less Common Income>show more
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Go to Miscellaneous Income, 1099-A, 1099-C>start
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Then go to Cancellation of debt (Form 1099-C) or the abandonment and/or acquisition of secured property (Form 1099-A).
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