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How do I include a 1099C

jimdotbarber
Level 1

II received a 1099C for a Credit card debt.  Where do I put this on my tax return?

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IntuitAustin
Intuit Alumni

If you're entering a 1099-C in ProSeries, follow this article

https://accountants-community.intuit.com/articles/1609585-1040-entering-information-from-form-1099-c


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5 Comments 5
IntuitAustin
Intuit Alumni

If you're entering a 1099-C in ProSeries, follow this article

https://accountants-community.intuit.com/articles/1609585-1040-entering-information-from-form-1099-c


**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Accept as solution"
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Mt-Juliet--CPA
Level 3
Enter the information from Form 1099-C in the fields provided on this 1099-C worksheet.  Then, go to the relatedCanceled Debt Worksheet to enter the information necessary to determine the taxable income from cancellation of debt.
 
Note:  If more than one Form 1099-C is received it may be necessary to use more than one Canceled Debt Worksheet.  See the instructions for the Canceled Debt Worksheet for guidelines.
 
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skeramidas
Level 4
If it becomes taxable income it goes to Other Income. If not taxed because of being insolvent do the worksheet and efile with the return.  They might ask for more information. I scanned in attorney papers to prove that my client was insolvent.  That seemed to satisfy them.
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TB12
Level 1

I can't find the 1099-C in the Income forms.  The reply from Mt-Juliet-CPA says enter the info on "this" 1099-C worksheet.  

 

WHERE IS IT ?

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qbteachmt
Level 15

@TB12 

Here is the updated link to the ProSeries help article:

https://proconnect.intuit.com/support/en-us/help-article/federal-taxes/entering-canceled-debt-proser...

 

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