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I am the creditor who issued a 1099-C to a debtor.

I am the creditor who issued a 1099-C to a debtor, to cancel debt they owed me.   I can not find where to enter the deduction/credit on TurboTax Premier 2019.   

I see where to enter a 1099-C if I was the debtor, but nowhere can I find the spot to show that I wrote off bad debt as a creditor.

Thank you in advance for any help.

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Accepted Solutions
MinhT1
Expert Alumni

I am the creditor who issued a 1099-C to a debtor.

Please read this TurboTax answer on how to enter your nonbusiness bad debt in TurboTax.

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4 Replies
MinhT1
Expert Alumni

I am the creditor who issued a 1099-C to a debtor.

For a non-business bad debt, you can claim a short-term capital loss by filing form 8949.

 

Please read this TurboTax article for more information.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

I am the creditor who issued a 1099-C to a debtor.

Thank you for the reply.  

So this would be something I have to manually add to my return?  TurboTax doesn't ask a question about this scenario? 

MinhT1
Expert Alumni

I am the creditor who issued a 1099-C to a debtor.

Please read this TurboTax answer on how to enter your nonbusiness bad debt in TurboTax.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I am the creditor who issued a 1099-C to a debtor.

Thank you Minh!  That worked perfectly!

Tell TurboTax not to hide that question during the step-by-step process lol 😛

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