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Deductions & credits
Please clarify - was the 1099-C issued to you personally using your social security number on the form or issued to the business EIN using that number? Because it needs to be included in the income for whichever one of those that it was issued to.
If it was issued to you personally it will go on your personal return through the 'Wages and Income' section of TurboTax. Scroll down to the very bottom of the section to 'Less Common Income' and click start next to 'Miscellaneous Income' at the bottom of that section. On the next screen 'Cancellation of Debt' is about midway down the list. You'll be able to enter the amount of debt as well as tell them that the debt should be removed on form 982.
If it was issued to your business then in TurboTax for Business scroll down in the income section to 'Other Income' and then click start next to 'All Other Income'. On the next screen you'll enter 'Cancellation of debt income' and the amount.
Then, to open form 982 and add it to your return to remove the debt cancellation income, you need to go to 'forms' and search for form 982 and add it to your return.
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