If I amend my return and add a 982 form for insolvency, will my tax return change? And how much? I had a little over $8,000 credit card debt filed. (1099C)

[bryanjjones]

I feel like when I filed I remember my return dropping a good $1,000-$2,000 when I added the 1099C but I can’t quite remember. By the way, I believe my liabilities/debts definitely outweigh my assets. I was just unaware of a 982 form prior to filing.

[Bsch4477]

If insolvent your 1099 C income will not be taxed. You will see the effect when you modify your input.