3502521

If I got a 1099c on something paid through collections last year & now I owe due to that but just recently filed bankruptcy.. is there anything I can do to not owe?

posted

Connect with an expert

1 Reply

If I got a 1099c on something paid through collections last year & now I owe due to that but just recently filed bankruptcy.. is there anything I can do to not owe?

Yes, you can claim insolvency. See below for the instructions on how to do this in TurboTax.

How do I report excludable (non-taxable) canceled debt?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post