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Education
In TurboTax Deluxe you report 1099-C loan forgiveness as follows:
- Federal Taxes >> Wages & Income >> Scroll down to >> Less Common Income
- Miscellaneous Income, 1099-A, 1099-C >> Select >> Start/Update (See Screenshot below)
- Let's Work on Any Miscellaneous Income >> Cancellation of Debt (Form 1099-C) >> Select >> Start/Update
- Select >> I received a 1099-C for another type of debt >> Select >> Continue
- Is This a Personal Debt? >> Select >> Yes, I received a 1099-C for personal debt >> Select >> Continue
- Enter Some Info from Your 1099-C >> Enter as appropriate >> Select >> Continue
- Your Canceled Debt is Taxable >> Select >> Continue
- If you have no other Miscellaneous Income >> Select >> Continue
May 31, 2019
11:40 PM