I have a 1099-c form from Bank of America for cancellation of a debt. What do I need to do for this?

[ddaven12]

Please try the steps below to enter the 1099-C in TurboTax Online:

• Sign into your Online account.

• Click continue on the orange button that says "Take me to my return."

• Go to Federal Taxes.

• Then Wages & Income.

• Scroll down to the Less Common Income and click Show more (if applicable)..

• Click on the Start/Revisit button next to Miscellaneous Income, 1099-A, 1099-C.

• Click on the Start/Revisit button next to Cancellation of Debt (Form 1099-C) or the abandonment and/or acquisition of secured property (1099-A).