To file a Form 982 you will need the CD/Download version of TurboTax Deluxe or a higher edition.
According to IRS Publication 4681 You do not have to include a canceled debt in income to the extent that you were insolvent immediately before the cancellation. The publication includes an insolvency worksheet. If your debts exceed your assets, you are insolvent.
If you started your 2019 return in TurboTax Online and want to switch to the TurboTax CD/Download software, here's how. How do I switch from TurboTax Online to the TurboTax software?
Once you have switched to the CD/Download software you can switch to the Forms mode to complete Form 1099-C (Cancellation of Debt), Form 982, and the Canceled Debt Worksheet.
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