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gmaraj67
New Member

1099c cancellation debt, where do I enter this information

 
1 Reply
DDollar
Level 1

1099c cancellation debt, where do I enter this information

To enter a Form 1099-C in TurboTax Online:

  1. Open (continue) your return.
  2. In the TurboTax program, search for 1099-C or 1099C (lower-case works also) and then click the "Jump to" link in the search results.
  3. Select the type of cancelled debt (main home or other) and then click Continue.
  4. Follow the onscreen instructions to enter information from your 1099-C.

Note: We don't support both types of canceled debt if they were both reported on 1099-C. In this uncommon situation, refer to IRS publications 544 and 4681 before proceeding, or consult with a professional tax preparer.


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