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Debt management
If I purchase the 2018 Home & Business, does it allow you to file for insolvency?
You mentioned the Canceled Debt Worksheet. I've read elsewhere that people were suggesting to mail in this form separately (with a possible explanation) to the IRS. Will Turbo Tax submit this worksheet directly to the IRS with a 2018 filing (using CD)? I've also read that experts recommend to send in your financial statements to show your balances on credit cards, etc. at the time the debt was cancelled to support your worksheet calculations. Do you advise to do that? If so, I assume that is sent in separately from your return if you file online (?). Or it might work as well just to mail everything in in this case? Thanks.
‎August 5, 2019
3:36 AM