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ms_kates
New Member

Where do I input the info for form 1099-C?

 
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1 Reply
RichardK
New Member

Where do I input the info for form 1099-C?

 To enter Form 1099-C in Turbotax, follow these instructions:

1.       Open (continue) your return.

2.       In the TurboTax program, search for 1099-C or 1099C (lower-case works also) and then click the "Jump to" link in the search results.

3.       Select the type of cancelled debt (main home or other) and then click Continue.

4.       Follow the onscreen instructions to enter information from your 1099-C.

Note: We don't support both types of canceled debt if they were both reported on 1099-C. In this uncommon situation, refer to IRS publications 544 and 4681 before proceeding, or consult with a professional tax preparer.

Related Information:

·        How do I get to Form 1099-C in the mobile app?

·        Can I exclude my 1099-C from my taxable income?

·        Is cancelled, forgiven, or discharged debt taxable?

·        Do I need to report cancelled debt from a credit card or car loan?

·        Will a bankruptcy affect my taxes?

What qualifies for mortgage forgiveness debt relief?

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