Where do I enter my 1099-C?

Forum|Forum|7 years ago
June 6, 2019
7 replies
36 views

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TurboTax Self Employed Online

ddaven12

Level 10

Please follow the steps below to enter the 1099-C in TurboTax Online:

Go to Federal Taxes
Next go to Wages & Income
Then scroll down to Less Common Income
Click on the Start/Revisit button next to Miscellaneous Income, 1099-A, 1099-C
Click on the Start/Revisit button next to Cancellation of debt (Form 1099-C) or the abandonment and/or acquisition of secured property (1099-A)

Please follow the steps below to enter the 1099-C in the TurboTax CD/Download software:

Go to Federal Taxes (Personal in Home & Business)
Next go to Wages & Income or Personal Income (whichever is applicable).
Scroll down to Less Common Income section
Click on the Start/Revisit button next to Miscellaneous Income, 1099-A, 1099-C
Click on the Start/Revisit button next to Cancellation of debt (Form 1099-C) or the abandonment and/or acquisition of secured property (1099-A)

fguillen55

Level 2

I'm doing my 2019 taxes not 2020.

I was able to select the Jump to link to download the 1099-C. I answered the the following questions

On the Tell us about your canceled debt screen, select Yes.
Select the type of canceled debt (main home or other) and then select Continue.

However, it did not take me to where I need to enter the information from the 1099-C. Instead it took me back to Wages and Income. I went back to "Less Common Income, clicked on "Miscellaneous Income, 1099-A, 1099-C and again, it took me back to questions 1 and 2 above.

I need your assistance with this matter. Please let me know what I need to do. Thanks.

VolvoGirl

Level 15

Are you using the Online version or the Desktop program? Online is ONLY for 2020.

So you need to be using the Desktop program installed on your computer. On Windows or Mac? What Turbo Tax version do you have? You might need to update it.