https://ttlc.intuit.com/community/taxes/discussion/if-i-amend-my-return-and-add-a-982-form-for-insolvency-will-my-tax-return-change-and-how-much-i-had/01/3077664#M1123838 I feel like when I filed I remember my return dropping a good $1,000-$2,000 when I added the 1099C but I can’t quite remember. By the way, I believe my liabilities/debts definitely outweigh my assets. I was just unaware of a 982 form prior to filing. Tue, 24 Feb 2026 06:57:22 GMT bryanjjones 2026-02-24T06:57:22Z https://ttlc.intuit.com/community/taxes/discussion/if-i-amend-my-return-and-add-a-982-form-for-insolvency-will-my-tax-return-change-and-how-much-i-had/01/3077664#M1123838 I feel like when I filed I remember my return dropping a good $1,000-$2,000 when I added the 1099C but I can’t quite remember. By the way, I believe my liabilities/debts definitely outweigh my assets. I was just unaware of a 982 form prior to filing. Tue, 24 Feb 2026 06:57:22 GMT https://ttlc.intuit.com/community/taxes/discussion/if-i-amend-my-return-and-add-a-982-form-for-insolvency-will-my-tax-return-change-and-how-much-i-had/01/3077664#M1123838 bryanjjones 2026-02-24T06:57:22Z https://ttlc.intuit.com/community/taxes/discussion/re-if-i-amend-my-return-and-add-a-982-form-for-insolvency-will-my-tax-return-change-and-how-much-i/01/3080640#M1124874 <P>If insolvent your 1099 C income will not be taxed. You will see the effect when you modify your input.&nbsp;</P> Thu, 27 Jul 2023 02:51:12 GMT https://ttlc.intuit.com/community/taxes/discussion/re-if-i-amend-my-return-and-add-a-982-form-for-insolvency-will-my-tax-return-change-and-how-much-i/01/3080640#M1124874 Bsch4477 2023-07-27T02:51:12Z