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aschliman
New Member

WE HAVE 1099-C FORMS BUT ARE INSOLVENT ACCORDING TO THE WORKSHEET? HOW DO WE SHOW THIS ON OUR TAX RETURN AND WHICH TURBO TAX PROGRAM DO WE NEED TO USE?

 
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1 Reply
rjs
Level 15
Level 15

WE HAVE 1099-C FORMS BUT ARE INSOLVENT ACCORDING TO THE WORKSHEET? HOW DO WE SHOW THIS ON OUR TAX RETURN AND WHICH TURBO TAX PROGRAM DO WE NEED TO USE?

If you have canceled debt and are insolvent, TurboTax recommends that you consult a local tax professional.

 

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