topic I received a 1099C form. Where do I go in my tax return to add this information? in Get your taxes done using TurboTax

I received a 1099C form. Where do I go in my tax return to add this information?

money1996- — Wed, 05 Jun 2019 22:22:22 GMT

If your debt is cancelled or forgiven, you'll receive For...

ModestaL — Wed, 05 Jun 2019 22:22:23 GMT

If your debt is cancelled or forgiven, you'll receive Form 1099-C (Cancellation of Debt). Most of the time, cancelled debt is taxable, but there are exclusions and exceptions. We'll check for those after you've entered your 1099-C.

To enter your Form 1099-C in TurboTax, please follow the steps below:

Sign in to TurboTax (if you're not already signed in).
Click on the Take me to my Return button
Click on the Federal Taxes tab
Click on the Wages and Income tab
Scroll down to Less Common Income
Click Start on Miscellaneous Income, 1099-A, 1099-C
Click Start on Cancellation of debt (Form 1099-C) and continue through the Interview questions.

Note: If you received a 1099-C for your main home and another 1099-C for something else (credit card, car loan, second mortgage, etc.) you won't be able to use TurboTax, as the interview doesn't support this.

Re: If your debt is cancelled or forgiven, you'll receive For...

snoopyjr422 — Thu, 04 Feb 2021 21:29:22 GMT

i recieved a 1099c and i need to enter it in my return thats already signrd

Re: I received a 1099C form. Where do I go in my tax return to add this information?

JohnW152 — Thu, 04 Feb 2021 21:47:10 GMT

If you haven't submitted your return for e-file yet, please follow the steps below:

Sign in to TurboTax (if you're not already signed in).
Click on Pick up where you left off
Click on Federal tab in the left pane
Click on the Income & Expenses tab
Click on Add More Income
Scroll down to Less Common Income, click Show more dropdown
Click Start on Miscellaneous Income, 1099-A, 1099-C
Click Start on Cancellation of debt (Form 1099-C) and continue through the Interview questions

If you’ve already submitted your return and it doesn’t reject through e-file, you’ll need to amend your return. Please see the TurboTax Help article How to amend (change or correct) a return you already filed for instruction on how to amend your previously-filed tax return.

Re: I received a 1099C form. Where do I go in my tax return to add this information?

khai_le_nc1 — Sun, 16 May 2021 16:33:22 GMT

TurboTax (Home & Business version) does not allow me to enter 1099 C form for a cancelled debt

Any advice on how to resolve this problem?

Thanks!

Re: I received a 1099C form. Where do I go in my tax return to add this information?

ThomasM125 — Sun, 16 May 2021 18:11:20 GMT

@khai_le_nc1 You would enter your cancelled debt income as follows in TurboTax:

Income and expenses
Less Common Income
Miscellaneous Income, 1099-A, 1099-C
Cancellation of debt (form 1099-C) or the abatement and/or acquisition of secured property (Form 1099-A)