Do I have to file the 1099-C with a code G?

[ninfaturrubiate]

What is a code G mean?

[KittyM]

Yes, you have to file a 1099-C if you received one.  (The IRS gets a copy of the form and will sooner or later send you a letter to collect tax due (if any), penalties and interest. You don't want this.)  Code G states that the 1099-C was issued because of a "decision or policy to discontinue collection."  

To enter your 1099-C,

• In your open Federal Return, choose the tab for Wages & Income
• Scroll down to the topic Less Common Income.  (You may have to click Add more income and See a list to find it.)
• Scroll to the very last item Miscellaneous Income, 1099-A, 1099-C and choose Start/Edit
• This will open the screen for Miscellaneous Income.  Scroll down again to Cancellation of debt (Form 1099-C) or the abandonment and/or acquisition of secured property (Form 1099-A) and Start/Edit
• The first screen says Tell us about your canceled debt.  
• Choose the correct radio button and Continue to complete the interview.

[Aileen34]

Why is this not just letting me amend my 2020 taxes to add 1099Cg

[Irene2805]

The IRS hasn't yet finalized the amended return (1040X) for 2020.  We expect it to be available in TurboTax the end of March.  

For current information on forms availability please click on the applicable link below:

• Federal forms
• State forms

For information on amending your return please see the following TurboTax Help articles:

@Aileen34

• How do I amend my 2020 TurboTax Online return?
• How to amend (change or correct) a return you already filed

[Dpurdiegrl]

This was a government agency i worked for and made a mistake on my FERS Code

[HopeS]

Assuming that you are concerned that the wrong code will impact your return. The amounts contributed to your FERS are not deductible on your return.  During payout, a portion of each of your FERS distributions will be a non-taxable return of your original investment in the plan, so you won't be paying taxes twice on this money.

If this information does not help you, please post another question.

Please review the link below as well:

FERS Code

@Dpurdiegrl