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I entered a 1099-C for canceled debt. The options under the income section do not give me an option to select unsecured debt. how do i change that ?

 
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Accepted Solutions
DoninGA
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I entered a 1099-C for canceled debt. The options under the income section do not give me an option to select unsecured debt. how do i change that ?

Did you use this procedure to enter your Form 1099-C?

 

To enter a Form 1099-C

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Less Common Income
On Miscellaneous Income, 1099-A, 1099-C, click the start or update button


On the next screen, on Cancellation of debt (Form 1099-C) or the abandonment and/or acquisition of secured property (Form 1099-A), click the start or update button

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1 Reply
DoninGA
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I entered a 1099-C for canceled debt. The options under the income section do not give me an option to select unsecured debt. how do i change that ?

Did you use this procedure to enter your Form 1099-C?

 

To enter a Form 1099-C

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Less Common Income
On Miscellaneous Income, 1099-A, 1099-C, click the start or update button


On the next screen, on Cancellation of debt (Form 1099-C) or the abandonment and/or acquisition of secured property (Form 1099-A), click the start or update button

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