topic Re: 1099c in Get your taxes done using TurboTax

1099c

phinzman1285 — Wed, 03 Mar 2021 17:51:20 GMT

received a 1099c for a person who died in 2019. how do I complete a tax form for 2020

Re: 1099c

SweetieJean — Wed, 03 Mar 2021 17:58:41 GMT

That person's Estate would have to file an Estate Income Tax return (Form 1041, not 1040) for 2020. That requires the TT Business desktop version (Windows version only):

TurboTax® Business CD/Download 2020-2021 Desktop Software, File Business Taxes (intuit.com)

Also see:

Deceased Taxpayers – Filing the Estate Income Tax Return, Form 1041 | Internal Revenue Service (irs.gov)

Re: 1099c

Anonymous_ — Wed, 03 Mar 2021 22:48:40 GMT

@phinzman1285

You need to be cautious with this since cancellation of indebtedness (COD) can result in taxable income, and the debtor is now deceased.

You should consult, in person, with a local tax professional (or legal counsel).