3057720
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I have 1099-C Cancellation of Debt for a credit card I am trying to file. But it keeps bringing me to the worksheet asking for the "Type of property" when I try to file.

This also never asked for any other information other than the amount of debt discharged and if there was any interest. Something's off!
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
DoninGA
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I have 1099-C Cancellation of Debt for a credit card I am trying to file. But it keeps bringing me to the worksheet asking for the "Type of property" when I try to file.

Delete the Form 1099-C, the Canceled Debt Worksheet and the Cancelled Debt Summary

 

Click on Tax Tools on the left side of the online program screen

Click on Tools

Click on Delete a form 

 

Enter the Form 1099-C again making sure that you have selected I received the 1099-C for another type of debt.  And that you select that you received the Form 1099-C for a Personal debt.

 

To enter a Form 1099-C

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Less Common Income
On Miscellaneous Income, 1099-A, 1099-C, click the start or update button


On the next screen, on Cancellation of debt (Form 1099-C) or the abandonment and/or acquisition of secured property (Form 1099-A), click the start or update button

View solution in original post

1 Reply
DoninGA
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I have 1099-C Cancellation of Debt for a credit card I am trying to file. But it keeps bringing me to the worksheet asking for the "Type of property" when I try to file.

Delete the Form 1099-C, the Canceled Debt Worksheet and the Cancelled Debt Summary

 

Click on Tax Tools on the left side of the online program screen

Click on Tools

Click on Delete a form 

 

Enter the Form 1099-C again making sure that you have selected I received the 1099-C for another type of debt.  And that you select that you received the Form 1099-C for a Personal debt.

 

To enter a Form 1099-C

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Less Common Income
On Miscellaneous Income, 1099-A, 1099-C, click the start or update button


On the next screen, on Cancellation of debt (Form 1099-C) or the abandonment and/or acquisition of secured property (Form 1099-A), click the start or update button

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question