turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Ask the Experts All About the Refund! >> Event happening NOW!!!!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

tas3474
New Member

Where do I enter form 1099-C cancellation of debt on my PA state return

Turbo TAX could not figure out what to do with the 1099c on my PA State Return

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
JulieH1
New Member

Where do I enter form 1099-C cancellation of debt on my PA state return

Pennsylvania normally doesn't tax canceled debt unless it's business related.   (see below)

Cancellation of a personal debt, such as a credit card or other unsecured debt, is generally not taxable on PA Income Tax return UNLESS the debt is business related, or property used in a business.  

Cancellation of debt can also be income in instances where a mortgage on a principal residence is forgiven as a result of a foreclosure if the taxpayer didn't qualify for an exclusion of gain.    

Please see the following link for more detailed information about Pennsylvania Department of Revenue - Cancellation of Debt .

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies