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I have a 1099-C that was a student debt pay off, what do I do because this doubles the amount I owe to federal? How can I enter this myself?

 
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JamesG1
Expert Alumni

I have a 1099-C that was a student debt pay off, what do I do because this doubles the amount I owe to federal? How can I enter this myself?

To enter the 1099-C, follow these directions: 

  • Down the left side of the screen, click on Federal.
  • Across the top of the screen, click on Income & expenses.
  • Under Your income and expenses, scroll down to Less Common Income.
  • Click on Show more to the right.
  • To the right of Miscellaneous income, 1099A, 1099C, click on Start/Revisit.
  • Under Miscellaneous income, click on Start/Revisit to the right of Cancellation of debt.
  • Answer the questions about the canceled debt.

See also this TurboTax Help.

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