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Level 1

Do i have to enter 1099c cancellation of debt

is it necessary?
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Level 20

Do i have to enter 1099c cancellation of debt

Yes the Form 1099-C is required to be entered on your tax return for the tax year received.

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

Or enter 1099-c in the Search box located in the upper right of the program screen.  Click on Jump to 1099-c

1 Reply
Level 20

Do i have to enter 1099c cancellation of debt

Yes the Form 1099-C is required to be entered on your tax return for the tax year received.

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

Or enter 1099-c in the Search box located in the upper right of the program screen.  Click on Jump to 1099-c