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Can I file 982 form- insolvency worksheet on online turbo tax?

 
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DavidD66
Expert Alumni

Can I file 982 form- insolvency worksheet on online turbo tax?

If you received a Form 1099-C for the cancellation of debt on your main home, after entering the information on your 1099-C the program will determine if you qualify for the exclusion.  If you do, TurboTax will complete Form 982 as part of your return.  TurboTax Online does not provide a way to complete and file Form 982 for the cancellation of personal debt such as credit card, car loan, mortgage on a second home, etc.  The program will recommend that you consult a tax professional.  

 

TurboTax Desktop Software includes Form 982; however, you have to complete it in Forms mode.  There is no step-by-step guidance.  If you are interested in TurboTax Desktop, go to:  TurboTax® Desktop 

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