Hello, I have Turbo Tax self employed and I see th...
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Level 1

Hello, I have Turbo Tax self employed and I see the spot to file form 1099-C but there is no where to file form 982 ??

 
2 Replies
Level 15

Hello, I have Turbo Tax self employed and I see the spot to file form 1099-C but there is no where to file form 982 ??

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...

Level 1

Hello, I have Turbo Tax self employed and I see the spot to file form 1099-C but there is no where to file form 982 ??

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 ??

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