I received a 1099C form. Where do I go in my tax return to add this information?
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New Member

I received a 1099C form. Where do I go in my tax return to add this information?

 
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New Member

I received a 1099C form. Where do I go in my tax return to add this information?

If your debt is cancelled or forgiven, you'll receive Form 1099-C (Cancellation of Debt). Most of the time, cancelled debt is taxable, but there are exclusions and exceptions. We'll check for those after you've entered your 1099-C.

To enter your Form 1099-C in TurboTax, please follow the steps below: 

  • Sign in to TurboTax (if you're not already signed in).
  • Click on the Take me to my Return button
  • Click on the Federal Taxes tab
  • Click on the Wages and Income tab
  • Scroll down to Less Common Income
  • Click Start on Miscellaneous Income, 1099-A, 1099-C 
  • Click Start on Cancellation of debt (Form 1099-C) and continue through the Interview questions.

Note: If you received a 1099-C for your main home and another 1099-C for something else (credit card, car loan, second mortgage, etc.) you won't be able to use TurboTax, as the interview doesn't support this.

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