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New Member
posted May 31, 2019 11:31:08 PM

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

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New Member
May 31, 2019 11:31:09 PM

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).