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where do i enter a 1099c in tt for business?

where do i enter a 1099c in tt for business?

 

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1 Reply
JamesG1
Expert Alumni

where do i enter a 1099c in tt for business?

What is the nature of the business entity that received the IRS form 1099-C?  C corporation, S corporation, partnership, sole proprietor?  Please clarify.

 

What is the nature of the debt that is cancelled on the IRS form 1099-C Cancellation of Debt?  

 

Is the debt solely the obligation of the business entity?  Or is an individual also receiving the form?

 

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