topic Where do I enter my 1099-C? in Retirement tax questions

Where do I enter my 1099-C?

marcienicole1980 — Thu, 06 Jun 2019 06:37:04 GMT

Please follow the steps below to enter the 1099-C in Turb...

ddaven12 — Thu, 06 Jun 2019 06:37:06 GMT

Please follow the steps below to enter the 1099-C in TurboTax Online:

Go to Federal Taxes
Next go to Wages & Income
Then scroll down to Less Common Income
Click on the Start/Revisit button next to Miscellaneous Income, 1099-A, 1099-C
Click on the Start/Revisit button next to Cancellation of debt (Form 1099-C) or the abandonment and/or acquisition of secured property (1099-A)

Please follow the steps below to enter the 1099-C in the TurboTax CD/Download software:

Go to Federal Taxes (Personal in Home & Business)
Next go to Wages & Income or Personal Income (whichever is applicable).
Scroll down to Less Common Income section
Click on the Start/Revisit button next to Miscellaneous Income, 1099-A, 1099-C
Click on the Start/Revisit button next to Cancellation of debt (Form 1099-C) or the abandonment and/or acquisition of secured property (1099-A)

Re: Where do I enter my 1099-C?

Williampardick — Thu, 30 Apr 2020 00:55:31 GMT

She was great and so patient

Re: Please follow the steps below to enter the 1099-C in Turb...

fguillen55 — Tue, 29 Dec 2020 22:24:38 GMT

I'm doing my 2019 taxes not 2020.

I was able to select the Jump to link to download the 1099-C. I answered the the following questions

On the Tell us about your canceled debt screen, select Yes.
Select the type of canceled debt (main home or other) and then select Continue.

However, it did not take me to where I need to enter the information from the 1099-C. Instead it took me back to Wages and Income. I went back to "Less Common Income, clicked on "Miscellaneous Income, 1099-A, 1099-C and again, it took me back to questions 1 and 2 above.

I need your assistance with this matter. Please let me know what I need to do. Thanks.

Re: Please follow the steps below to enter the 1099-C in Turb...

VolvoGirl — Tue, 29 Dec 2020 22:30:20 GMT

Are you using the Online version or the Desktop program? Online is ONLY for 2020.

So you need to be using the Desktop program installed on your computer. On Windows or Mac? What Turbo Tax version do you have? You might need to update it.

Re: Please follow the steps below to enter the 1099-C in Turb...

fguillen55 — Tue, 29 Dec 2020 22:37:37 GMT

Thanks for your prompt reply. I'm using the desktop program installed on my computer. I'm using turbotax Premier for Tax Year 2019.

Re: Please follow the steps below to enter the 1099-C in Turb...

thetav101 — Thu, 03 Feb 2022 02:27:35 GMT

I do not see a place to add the TIN from Discover card services. It doesn't make sense, how do they know I paid the debt?

Re: Please follow the steps below to enter the 1099-C in Turb...

DaveF1006 — Thu, 03 Feb 2022 02:48:32 GMT

@thetav101. To clarify, the 1099-C is a cancellation of debt from Discover Card? Are you saying you paid the debt?? If not, then the amount of the 1099-C is taxable income.

If this is the case, it is not necessary for IRS to know the TIN for Discover Card nor do they care that you paid the debt. Discover Card canceled your debt, issued the 1099-C, and now you need to report it as taxable income.