rjs
Level 15
Level 15

Retirement tax questions

You don't enter the two 1099-C forms separately. You add them together. On the screen where you enter the amount of canceled debt it says "If you have more than one 1099-C, add the numbers from each one together and enter the totals below." See the screen shot below.


Canceled debts are not shown separately on your tax return. The tax return shows only the total amount of canceled debt, on Schedule 1 line 8c.

 

1099-C.png