Form 982, insolvency from 1099-c

[codygum1]

Hello! I received three 1099-c forms for cancelled debt, my tax pro said that I do not have to put these on my tax return because I am actually insolvent. He walked me through the insolvency worksheet and told me all I have to do on TT is include form 982 but I am not seeing this form, I am able to download it through the IRS website but how do I get that onto TT?

[Bsch4477]

https://www.google.com/amp/s/ttlc.intuit.com/community/tax-credits-deductions/discussion/how-can-i-g...

[codygum1]

Thanks for the reply! I seen that post, I searched Form 982 and it said jumped to form 982 and it took to me fill out form 1099-c. I then put in my 1099-c info but there was no location for me to put in the excluded debt. This is actually negative

[Critter-3 · Accepted solution]

To populate the form 982  you must do this by using the downloaded program in the forms mode using an override.  If you are not comfortable doing this then either us a local tax pro or  upgrade to one of the LIVE options online. 

[codygum1]

Thank you! I am comfortable with this but how exactly do I get it in forms mode on the downloaded program? I have the paper worksheet filled out I just need to input it.

[codygum1]

I was able to get it in form mode and find the 982 form, my last question is do I have to input 1099-c still if I am filling out form 982 and I am insolvent?

[Critter-3]

NO