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How do we enter two 1099-C forms into TurboTax. It appears to be only ask about one with no option to add another. We have two 1099-C forms from two separate debts.

 
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2 Replies
rjs
Level 15
Level 15

How do we enter two 1099-C forms into TurboTax. It appears to be only ask about one with no option to add another. We have two 1099-C forms from two separate debts.

You don't enter the two 1099-C forms separately. You add them together. On the screen where you enter the amount of canceled debt it says "If you have more than one 1099-C, add the numbers from each one together and enter the totals below." See the screen shot below.


Canceled debts are not shown separately on your tax return. The tax return shows only the total amount of canceled debt, on Schedule 1 line 8c.

 

1099-C.png

 

LindaS5247
Expert Alumni

How do we enter two 1099-C forms into TurboTax. It appears to be only ask about one with no option to add another. We have two 1099-C forms from two separate debts.

Although not supported in the interview section of TurboTax, depending on what version you are using, you can add the additional 1009-C using "Forms Mode". (In TurboTax Desktop switch to "Forms Mode", Click on Forms, Type l\in Form 1099-C in the search box (top left side of screen.)

 

These Forms 1099-C will be reported separately to the IRS, as required.

 

You can also add them together as described in the post by rjs above.  The directions shown below, from TurboTax interview process, in yellow state if you have more than one you can add them together.

 

 

Click here for Publication 4681, for detailed information regarding the cancellation of debt.


Click here for Publication 544.

 

Click here for instructions on how to enter Form 1099-C in TurboTax.

 

 

 

 

 

 

 

 

 

 

 

 


 

 

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