Enter your Form 1099-C exactly as it appears. There should only be three questions answered:
1) Tell us about your canceled debt. You would answer other debt.
2) Is This for Personal Debt? Yes
3) Enter Some Info from Your 1099-C. Enter the amount and the interest amount if any.
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:
- Open or continue your return, if it isn't already open
- From the upper right menu, select and search for 1099-C or 1099C (lower-case also works)
- 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
- On the Tell us about your canceled debt screen, select the type of canceled debt (main home or other) and then select Continue
- Go through the screens to answer any follow-up questions about your canceled debt
- Follow the instructions to enter info from your 1099-C
