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Level 1
posted Jun 6, 2019 6:54:32 AM

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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1 Best answer
Level 15
Jun 6, 2019 6:54:34 AM

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

1 Replies
Level 15
Jun 6, 2019 6:54:34 AM

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