Welcome back! Ask questions, get answers, and join our large community of tax professionals.
  • Products
  • Workflow Tools
  • Learn & Support
  • Sign In
  • Products
  • Workflow Tools
  • Contact Us
  • Sign In
  • Learn & Support
    • cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 

    1099-C

    MGC94
    Level 7
    ‎02-08-2022 05:44 PM

    1099-C. Do you write off the 1099-C so it isn’t income? 

    0 Cheers
    Reply
    3 Comments 3
    IRonMaN
    Level 15
    ‎02-08-2022 05:45 PM

    But the better question is - is it supposed to be income?


    Slava Ukraini!
    Reply
    TaxGuyBill
    Level 15
    ‎02-08-2022 05:48 PM

    Then the question after that is if it is not supposed to be income, what is the reason it is not taxable?

    Reply
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎02-08-2022 05:51 PM
    everyone has a different situation, sometimes its taxable, sometimes they qualify for some or all of it to not be taxable.

    https://www.irs.gov/taxtopics/tc431

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    Reply
    Intuit Lacerte Tax
    Intuit ProConnect Tax
    Intuit ProSeries Tax
    Additional Accounting Solutions
    Tax Pro Center
    Tax Practice Resources
    Call sales: 844-877-9422
    Sitemap

    ©1997-2024 Intuit, Inc. All rights reserved.

    Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

    By accessing and using this page you agree to the Terms and Conditions.

    About Cookies | Manage Cookies
    Legal Privacy Security