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How do I enter a 1099-C?

by TurboTax1111 Updated 2 days ago

If your debt is canceled or forgiven, you'll receive Form 1099-C (Cancelation of Debt).

Note: If you received a 1099-C for your main home and another 1099-C for something else (like a credit card, car loan, or second mortgage) you won't be able to use TurboTax, as we don't support this.

To enter your 1099-C:

  1. Open or continue your return.
  2. Go to 1099-C.
    • In TurboTax Desktop, search for 1099-C or 1099C (lowercase also works) and select the Jump to link at the top of the search results.
  3. On the Tell us about your canceled debt screen, select the type of canceled debt (main home or other) and then select Continue.
  4. Follow the onscreen instructions.

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