You'll need to sign in or create an account to connect with an expert.
See this TurboTax support FAQ for information on the Form 1099-C and the Form 982 - https://ttlc.intuit.com/community/credits-and-deductions/help/is-canceled-forgiven-or-discharged-deb...
Thanks!
It says
"if your debt qualifies for any of these exclusions, TurboTax will complete Form 982 and include it with your return."
I'm sure I qualify for insolvency as I have more liabilities (credit cards/car payment) and I have no assets, yet TurboTax didn't say anything about filing 982 ??
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
peteman1972
New Member
davis_mc
Level 2
CSTt2024
New Member
user17626154175
Level 1
ohkimbui
New Member