https://ttlc.intuit.com/community/retirement/discussion/i-have-a-1099-c-is-it-mandatory-to-put-in-when-i-am-filling-for-my-taxes/01/3149780#M208300 Tue, 10 Feb 2026 09:13:44 GMT 395fd9163dfb 2026-02-10T09:13:44Z https://ttlc.intuit.com/community/retirement/discussion/i-have-a-1099-c-is-it-mandatory-to-put-in-when-i-am-filling-for-my-taxes/01/3149780#M208300 Tue, 10 Feb 2026 09:13:44 GMT https://ttlc.intuit.com/community/retirement/discussion/i-have-a-1099-c-is-it-mandatory-to-put-in-when-i-am-filling-for-my-taxes/01/3149780#M208300 395fd9163dfb 2026-02-10T09:13:44Z https://ttlc.intuit.com/community/retirement/discussion/re-i-have-a-1099-c-is-it-mandatory-to-put-in-when-i-am-filling-for-my-taxes/01/3150057#M208336 <P><SPAN style="font-size:14px;"><STRONG>Yes</STRONG>, the IRS generally considers canceled, forgiven, or discharged debt reported on <STRONG>Form 1099-C</STRONG> as taxable income, though there are&nbsp;</SPAN><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/debt/canceled-forgiven-discharged-debt-taxable/L8s0Bk16C_US_en_US" target="_blank"><SPAN style="font-size:14px;"><STRONG>exclusions and exceptions</STRONG></SPAN></A><SPAN style="font-size:14px;">&nbsp;to the rule.</SPAN></P> <P>&nbsp;</P> <P><SPAN style="color:#393A3D;font-size:14px;">When you&nbsp;</SPAN><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-1099-c/L106tVkTh_US_en_US" target="_blank"><SPAN style="font-size:14px;"><STRONG>enter your 1099-C in TurboTax</STRONG></SPAN></A><SPAN style="color:#393A3D;font-size:14px;">, we'll ask a series of questions to determine if some or all of your 1099-C debt can be excluded.</SPAN></P> Mon, 29 Jan 2024 19:35:49 GMT https://ttlc.intuit.com/community/retirement/discussion/re-i-have-a-1099-c-is-it-mandatory-to-put-in-when-i-am-filling-for-my-taxes/01/3150057#M208336 PatriciaV 2024-01-29T19:35:49Z