739299
Need to figure out what date to look at assess and liabilities.
You'll need to sign in or create an account to connect with an expert.
Well,given that the amount of insolvency is determined at the time the debt was forgiven, and your dates are pretty far apart, I would say you need to complete several 982 forms . TurboTax is not really set up for this, because the amount by which you were insolvent at the time of the debt forgiveness determines whether any or all of your forgiveness income is taxable, and that would have to be determined individually. i'm sure this isn't what you wan to hear but I highly recommend you go to a tax prepare who can help you with this instead of using our program this year. Sorry
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
helen0907
New Member
d-cox-3
New Member
linda-matthews-nc
New Member
peaches_lynne
New Member
newelch
New Member