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sgowers
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I accidently marked secured debt on the canceled debt worksheet how do I correct it?

 
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I accidently marked secured debt on the canceled debt worksheet how do I correct it?

To correct your 1099-C,

  • In your Federal Return, choose the tab for Wages & Income
  • Scroll down to the topic Less Common Income.  (You may have to click Add more income and See a list to find it.)
  • Scroll to the very last item Miscellaneous Income, 1099-A, 1099-C and choose Start/Edit
  • This will open the screen for Miscellaneous Income.  Scroll down again to Cancellation of debt (Form 1099-C) or the abandonment and/or acquisition of secured property (Form 1099-A) and Start/Edit
  • The first screen says Tell us about your canceled debt.  

You may need to delete your 1099-C and re-enter it to correct your choice.


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