Sign in to Support
In certain cases, you can exclude your 1099-C from your taxable income. Although the IRS generally considers canceled, forgiven, or discharged debt as taxable income, there are exclusions and exceptions to the rule.
When you enter your 1099-C in TurboTax, we'll ask a series of questions to determine if some or all of your 1099-C debt can be excluded.
Unlock tailored help options in your account
Get answers to all your tax questions
Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.
Deluxe to maximize tax deductions
TurboTax self-employed & investor taxes
Free military tax filing discount
TurboTax Expert Full Service Pricing
TurboTax Expert Full Service Business Taxes
TurboTax Expert Assist Business Taxes
TurboTax Expert 365 Business Tax Planning
TurboTax stores and Expert offices - Find Your Local Tax Expert
Deluxe to maximize tax deductions
TurboTax self-employed & investor taxes
Free military tax filing discount
TurboTax Expert Full Service Pricing
TurboTax Expert Full Service Business Taxes
TurboTax Expert Assist Business Taxes
TurboTax Expert 365 Business Tax Planning
TurboTax stores and Expert offices - Find Your Local Tax Expert
©1997-2025 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, Credit Karma, and Mailchimp are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.
Security Certification of the TurboTax Online application has been performed by C-Level Security.
By accessing and using this page you agree to the Terms of Use.
