Can you use turbotax if you have a 1099-c for cancelled debt?

[DoninGA · Accepted solution]

Yes, the Free online edition support the entry of a Form 1099-C.

To enter a Form 1099-C

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Less Common Income
On Miscellaneous Income, 1099-A, 1099-C, click the start or update button

On the next screen, on Cancellation of debt (Form 1099-C) or the abandonment and/or acquisition of secured property (Form 1099-A), click the start or update button

Or enter 1099-c in the Search box located in the upper right of the program screen. Click on Jump to 1099-c