Business & farm
You will need to enter each Form 1099-C separately on you return. To enter them on your return:
- Open your return
- Go to 1099-C.
- In TurboTax Desktop, search for 1099-C or 1099C (lowercase also works) and select the Jump to link at the top of the search results.
- There'll be questions to help you classify what type of cancellation of debt it is. The program will ask if the cancellation of debt is personal or business.
- Follow the questions
See the images below for your reference:
