Question

1099-C for 1041

Forum|Forum|6 years ago
February 8, 2020
2 replies
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I am the trustee of my mother's estate. She passed away in Feb 2018. I completed a tax return for her using TurboTax Download Software last year. In 2019, she had one last credit card debt forgiven, and I received a 1099-C. From what I read on TurboTax, it said for me to download TurboTax Business to file a 1041 for the trust and include the 1099-C info. However, I am on TurboTax business right now and there are no 1099-C forms. Feel like I should just get a refund on the software and just have HR Block help me.

What is the correct process here?

Thanks

TurboTax Business Windows

A

Anonymous_

Employee

@pggolf wrote:
What is the correct process here?

It should probably be reported as Other Income on the 1041.

See https://proconnect.intuit.com/community/help-articles/help/reporting-form-1099-c-on-form-1041/00/3876

S

Steve2024

I had a similar problem. I bought the business version of Turbo Tax because i am the administrator of an estate. I have three 1099-c associated with my filing a 1041 (estate). I am unable to find the form and the instructions I am following do not work. Can i get some help here?