Do I use one 982 form for several 1099C that were received?

[tscarpulla]

We received (4) 1099C for discharge of credit card debt.  Two are in my name and two are in my husband's name.  We file jointly.  I have completed 4 different insolvency worksheets for all 4 1099C and we are definitely insolvent.  My question is, do I fill out one 982 form or do I complete (4) 982 forms?  Do I add the total amount of 1099C to put on tax form?  I know we are insolvent and I know what to do on the worksheets, I am just confused on how to report this on the 1040 form.  Please help.

[MichaelL1 · Accepted solution]

You will use one Form 982 and list the total sums of the four 1099C's on that one Form.

Line 2.  Total amount of discharged indebtedness excluded from gross income.

For more detail see the IRS link for instructions on Form 982. 

https://www.irs.gov/instructions/i982#idm140116903804544

[Whenlifegivesyoulemons]

Whose name goes on the form?  My wife and I file jointly, both have debt that are insolvent.   When we did our taxes, it only has her name and social.  Should it include mine too?

[DMarkM1]

The form should include both names and socials that were on the returns, if filed jointly.