I received this on a time share I stupidly purchased. I got the 1099-C after it was foreclosed on and sold at auction for $100 leaving a huge balance (surprise, surprise). We got a 1099-C which has a date in box 1, "0" in box 2, box 6 is checked, and large amount in box 7 (38K+). Turbo Tax allows us to enter boxes 2 and 3, but nothing else. I read on the turbo tax sight that there was a mortgage forgiveness bill passed and am curious, did this fall under that.
https://turbotax.intuit.com/tax-tips/debt/when-to-use-tax-form-1099-c-for-cancellation-of-debt/L24iT.... I want to enter this where I need to to avoid a tax penalty later.
