Can I exclude my 1099-C from my taxable income?

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.