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Deductions & credits
Maybe I'm mistaking the Form 982. Maybe I just enter the 1099-C and complete an insolvency worksheet for each one. I had seen a post somewhere else within TT, but perhaps it was someone who had a BK. Mine is strictly credit card settlements, with only the discounted (forgiven part of the debt) entered on the forgiven form. They do call it Cancelled/Forgiven Debt on the 1099-C.
‎October 7, 2021
8:21 PM