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.

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.

Can I file form 982 to prove insolvency when dealing with several 1099C for Credit Card debt?

No, filing the form itself doesn't affect your credit score. However, If you’ve received a 1099-C, the damage to your credit has most likely already been done.

Can I file form 982 to prove insolvency when dealing with several 1099C for Credit Card debt?

so im confused. if i was insolvent which is what caused the debt that is now beyond statue of limitations (almost 20 yrs) but im not insolvent now and now 20 yrs later is when they decide to discharge the debt does insolvency not apply? i still have to even verify the debt because im not certain its even true. 

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