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Level 4

Turbotax 2017 form 982 issue

I'm using the download version of 2017 home and business and completed my taxes. When I run the analysis, it says my audit risk is medium because my return includes form 982, which indicated I have non-taxable income from cancellation of debt. 

 

I didn't claim non-taxable income from cancellation of debt, and can not find the form 982 in my filing. 

 

The only thing I can think of is, I do have non-taxable disability income from CalPERS 1099-R, (law enforcement), but have triple checked everything along with comparing my entries from Turbotax 2016, and 2018. 

 

Note; I also am working on and finished my taxes using Turbotax 2016 and 2018. I opened all the years, 2016, 2017, and 2018 on three separate computer screens. I went through each section one at a time comparing my info to see if I made an entry error for 2017. 2016 and 2018 have no issue regarding form 982, only 2017.

 

I read online there was a glitch in TurboTax 2017 regarding form 982.

 

Please help,

Sincerely,

Jim 

 

2 Replies
Level 4

Turbotax 2017 form 982 issue

OK, I found and opened form 982 in my 2017 tax return. It is blank, no entries, because I don't have any canceled debt. But, it still shows my audit chances are medium because of canceled debt.

Thanks.

Jim

Level 4

Turbotax 2017 form 982 issue

I deleted the blank 982 form from my return, but it still shows my audit chances are medium because of canceled debt. I have no canceled debt.

Thanks.

Jim