If we were insolvent, do we enter the 1099-C forms in the income section or just complete and attach form 982?

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If we were insolvent, do we enter the 1099-C forms in the income section or just complete and attach form 982?

You will do both. Show the 1099C's on the return and then if insolvent the 982 will exclude them from income.

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If we were insolvent, do we enter the 1099-C forms in the income section or just complete and attach form 982?

You will do both. Show the 1099C's on the return and then if insolvent the 982 will exclude them from income.

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