I need to enter my credit card settlement as income, but could not find the space

ethelroberto — Sat, 01 Jun 2019 04:58:52 GMT

You should have received a Form 1099-C for the cancellati...

ShawnaD — Sat, 01 Jun 2019 04:58:53 GMT

You should have received a Form 1099-C for the cancellation of debt.

In the event you did not receive this form, you can enter the income under Less Common Income > Miscellaneous Income and select "Other Reportable Income".

To enter Form 1099-C:

On the Tax Timeline, select "Federal Taxes"

Select "Wages and Income" on the second menu bar

Select the "Check for more income" button, then select "Skip to see all income" to expand the list.

In the “Less Common Income” section, click “Show More” to view the list of income selections.

Click “Start” next to “Miscellaneous Income, 1099-A, 1099-C”.

Select “Start” next to “Cancellation of debt (Form 1099-C) or the abandonment and/or acquisition of secured property (Form 1099-A)”.

On the next screen, select “I received a 1099-C for another type of debt, including a credit card, a car loan, a loan modification, or a mortgage on a second home”.

Continue through the interview process to enter your data and finish.

topic I need to enter my credit card settlement as income, but could not find the space in Get your taxes done using TurboTax

I need to enter my credit card settlement as income, but could not find the space

You should have received a Form 1099-C for the cancellati...