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Hello, I accidentally selected that I have a 1099-C while looking over stuff, and now I cant unselect that option. what do I do now?

I did not receive a 1099-C, and just want to clear that selection from the options. for some reason turbo tax does not allow you to uncheck it.
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1 Best answer

Accepted Solutions
MayaD
Expert Alumni

Hello, I accidentally selected that I have a 1099-C while looking over stuff, and now I cant unselect that option. what do I do now?

According to the IRS, nearly any debt you owe that is canceled, forgiven or discharged becomes taxable income to you. You should receive a Form 1099-C, "Cancellation of Debt," from the lender that forgave the debt. 

Here’s how to remove Form 1099-C:

 

  1. Tap Tax Tools in the left column
  2. Then Tools
  3. Select Delete a Form in the center
  4. Find Form 1099-C and Canceled Debt Summary and delete both
  5. Tap Continue With My Return to get back to the interview mode
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
MayaD
Expert Alumni

Hello, I accidentally selected that I have a 1099-C while looking over stuff, and now I cant unselect that option. what do I do now?

According to the IRS, nearly any debt you owe that is canceled, forgiven or discharged becomes taxable income to you. You should receive a Form 1099-C, "Cancellation of Debt," from the lender that forgave the debt. 

Here’s how to remove Form 1099-C:

 

  1. Tap Tax Tools in the left column
  2. Then Tools
  3. Select Delete a Form in the center
  4. Find Form 1099-C and Canceled Debt Summary and delete both
  5. Tap Continue With My Return to get back to the interview mode
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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