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1099-C and Form 982

Hi. Using TT Premier (Download). Entered 1099-C canceled debt data. Then I used Forms tab to generate Form 982. I entered the same amount from the 1099-C in Box 2 on Form 982 (discharged debt excluded from gross income). TT is not adjusting my total amount of Other Income to reflect this exclusion. Help!

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2 Replies

1099-C and Form 982

Thank you for the link.  I carefully followed those instructions without success.  I will delete the 1099-C data and try to start over.

 

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