Its asking about canceled debt. I have no canceled debt.

posted

Did you receive a Form 1099-C? You receive that form if your creditor cancels a debt that you owe them. The IRS considers the canceled debt as income.

Refer to the TurboTax article When to Use Tax Form 1099-C for Cancellation of Debt and Guide to Debt Cancellation and Your Taxes for more information.

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

How do I cancel extension for federal taxes? I was able to submit by the deadline. It’s affecting state tax filing.

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Its asking about canceled debt. I have no canceled debt.

Its asking about canceled debt. I have no canceled debt.

Get more help

Do you have a TurboTax Online account?

Its asking about canceled debt. I have no canceled debt.

Do you have an Intuit account?

Its asking about canceled debt. I have no canceled debt.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert