My review says that my audit risk is high because I have a 982 cancellation of debt. This form is not on my return and I have no debt HOW DO I FIX THIS?
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New Member

My review says that my audit risk is high because I have a 982 cancellation of debt. This form is not on my return and I have no debt HOW DO I FIX THIS?

I don't have any cancelled debt. Form 982 is blank but every time i erase it TT gives me this flag that my return has a high risk of audit because of my cancelled debt. I HAVE NO CANCELLED DEBT.

4 Replies
Level 15

My review says that my audit risk is high because I have a 982 cancellation of debt. This form is not on my return and I have no debt HOW DO I FIX THIS?

Have you looked in Forms mode to see if something is there?
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
New Member

My review says that my audit risk is high because I have a 982 cancellation of debt. This form is not on my return and I have no debt HOW DO I FIX THIS?

yes there are no 1099a 1099c or 982 forms
Level 15

My review says that my audit risk is high because I have a 982 cancellation of debt. This form is not on my return and I have no debt HOW DO I FIX THIS?

To call TurboTax customer support
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number">https://ttlc.intuit.com...>
They are available from 5 a.m. to 5 p.m. Monday - Friday Pacific time.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Level 15

My review says that my audit risk is high because I have a 982 cancellation of debt. This form is not on my return and I have no debt HOW DO I FIX THIS?

If the warning does not apply to your return, ignore it.

Always print a copy of your completed tax return for your records, and review it carefully before e-Filing.

You will need it if you are audited by the IRS, or to amend because a TurboTax update changes your return.

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