Skip to main content
March 3, 2025
Question

Can I file 982 form- insolvency worksheet on online turbo tax?

  • March 3, 2025
  • 1 reply
  • 0 views
No text available

    1 reply

    March 4, 2025

    If you received a Form 1099-C for the cancellation of debt on your main home, after entering the information on your 1099-C the program will determine if you qualify for the exclusion.  If you do, TurboTax will complete Form 982 as part of your return.  TurboTax Online does not provide a way to complete and file Form 982 for the cancellation of personal debt such as credit card, car loan, mortgage on a second home, etc.  The program will recommend that you consult a tax professional.  

     

    TurboTax Desktop Software includes Form 982; however, you have to complete it in Forms mode.  There is no step-by-step guidance.  If you are interested in TurboTax Desktop, go to:  TurboTax® Desktop 

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"