Tag: 'insolvency'
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From the community
Do I report cancelled credit card debt if I didn't receive a 1099-C form?
I settled 4 credit card accounts in 2018, but as of today, 3/15/2019, only received one 1099-C form. I am...
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From the community
If I fill out the insolvency form, and prove insolvance will it carry through turbo tax and remove the tax on 1099 C?
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From the community
If i filed a 2016 amended return, form 982 (insolvency) and still owe a small amount, should i wait until that's all cleared up before i file 2018 ?
I had a 1099-.C that i had no idea about and they wanted about $2K. with the amendment and 982 form i only...
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From the community
Turbotax (download) is including Cancellation of Debt as income on my state taxes. It should be excluded, as I have filed insolvency. How do I remove it from the forms?
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From the community
On the insolvency worksheet, is the value the amount cancelled?
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From the community
When filing form 982 for cancelled debt, do I still include the amount in the other income section or just put it on the form 982?
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From the community
If I receive 3 1099c for cancelled debts and want to exclude them using the Insolvency worksheet, do I use worksheet once for each debt or group them into one worksheet?
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From the community
Both my Exhusband and I received a 1099C for same debt. Do we both file full amount? How do we divide it? If he claims full amount, how do I acknowledge the 1099C?
Our house went into foreclosure and we both received a 1099C, cancellation of debt/mortgage forgiveness. Do...
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From the community
I received a 1099-MISC for canceled debt which was included in a bankruptcy. Does TurboTax provide a 982 form for a 1099-M to claim insolvency?
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From the community
So I have a interesting question I received a 1099c after i filed for a debt of a buy here pay here the vehicle is leased again am I really liable for the debt
So I have a interesting question I received a 1099c after I filed my taxes for a buy here pay here vehicle...