You still have to enter the 1099-C forms in your return, even if you are claiming insolvency. After you have entered he 1099-C form(s), complete Form 982. To do this please follow these steps:
- Go to the search bar in the top right corner
- Enter "Form 982"
- Select "Jump to form 982"
- Continue through the interview questions to enter the appropriate information
If you are able to claim insolvency based upon the answers to the interview questions, TurboTax will complete this form for you.
For more information you may wish to read this TurboTax Help article: Guide to Debt Cancellation and Your Taxes
