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    <title>topic Re: 1099-C in Get your taxes done using TurboTax</title>
    <link>https://ttlc.intuit.com/community/taxes/discussion/re-1099-c/01/861170#M346205</link>
    <description>&lt;P&gt;did&amp;nbsp; any of the following apply&lt;/P&gt;
&lt;P&gt;Debt canceled in a Title 11 bankruptcy case&lt;BR /&gt;Debt canceled during insolvency&lt;BR /&gt;Cancellation of qualified farm indebtedness&lt;BR /&gt;Cancellation of qualified real property business indebtedness&lt;BR /&gt;Cancellation of qualified principal residence indebtedness that is discharged subject to an arrangement that is entered into and evidenced in writing before January 1, 2018.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;the above maybe partially or wholly excludable from income&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;Generally, if you exclude canceled debt from income under one of the exclusions listed above, you must reduce certain tax attributes (certain credits and carryovers, losses and carryovers, basis of assets, etc.) (but not below zero) by the amount excluded. You must attach to your tax return a Form 982,&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;if not, it gets reported on schedule 1 line 21&amp;nbsp;&lt;/P&gt;
&lt;P&gt;describe as cancellation of debt&amp;nbsp; income&amp;nbsp;&lt;/P&gt;</description>
    <pubDate>Tue, 08 Oct 2019 04:28:36 GMT</pubDate>
    <dc:creator>Anonymous</dc:creator>
    <dc:date>2019-10-08T04:28:36Z</dc:date>
    <item>
      <title>1099-C</title>
      <link>https://ttlc.intuit.com/community/taxes/discussion/1099-c/01/861169#M346204</link>
      <description>&lt;P&gt;Where do I enter 1099-C info?&lt;/P&gt;</description>
      <pubDate>Tue, 08 Oct 2019 04:18:58 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/taxes/discussion/1099-c/01/861169#M346204</guid>
      <dc:creator>jmwalkersr</dc:creator>
      <dc:date>2019-10-08T04:18:58Z</dc:date>
    </item>
    <item>
      <title>Re: 1099-C</title>
      <link>https://ttlc.intuit.com/community/taxes/discussion/re-1099-c/01/861170#M346205</link>
      <description>&lt;P&gt;did&amp;nbsp; any of the following apply&lt;/P&gt;
&lt;P&gt;Debt canceled in a Title 11 bankruptcy case&lt;BR /&gt;Debt canceled during insolvency&lt;BR /&gt;Cancellation of qualified farm indebtedness&lt;BR /&gt;Cancellation of qualified real property business indebtedness&lt;BR /&gt;Cancellation of qualified principal residence indebtedness that is discharged subject to an arrangement that is entered into and evidenced in writing before January 1, 2018.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;the above maybe partially or wholly excludable from income&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;Generally, if you exclude canceled debt from income under one of the exclusions listed above, you must reduce certain tax attributes (certain credits and carryovers, losses and carryovers, basis of assets, etc.) (but not below zero) by the amount excluded. You must attach to your tax return a Form 982,&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;if not, it gets reported on schedule 1 line 21&amp;nbsp;&lt;/P&gt;
&lt;P&gt;describe as cancellation of debt&amp;nbsp; income&amp;nbsp;&lt;/P&gt;</description>
      <pubDate>Tue, 08 Oct 2019 04:28:36 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/taxes/discussion/re-1099-c/01/861170#M346205</guid>
      <dc:creator>Anonymous</dc:creator>
      <dc:date>2019-10-08T04:28:36Z</dc:date>
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