TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 1

Question

Where do I enter form 1099-C cancellation of debt on my PA state return

Forum|Forum|7 years ago
June 4, 2019
1 reply
14 views

Turbo TAX could not figure out what to do with the 1099c on my PA State Return

TurboTax Premier Windows

A

Anonymous

Pennsylvania normally doesn't tax canceled debt unless it's business related. (see below)

Cancellation of a personal debt, such as a credit card or other unsecured debt, is generally not taxable on PA Income Tax return UNLESS the debt is business related, or property used in a business.

Cancellation of debt can also be income in instances where a mortgage on a principal residence is forgiven as a result of a foreclosure if the taxpayer didn't qualify for an exclusion of gain.

Please see the following link for more detailed information about Pennsylvania Department of Revenue - Cancellation of Debt .