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February 22, 2021
Question

Can you import 1099c to my filing

  • February 22, 2021
  • 1 reply
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1 reply

February 22, 2021

No, Form 1099-C, Cancellation of Debt, can't be imported. Also, even if you could import it, we wouldn't be able to because this is a tax advise forum and we don't have access to your tax return.

 

In certain cases, you'll be able to exclude canceled, forgiven or discharged debt as taxable income. Although the IRS generally considers these 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.

 

To enter your 1099-C:

  1. Open or continue your return, if it isn't already open.
  2. From the upper right menu, select and search for 1099-C or 1099C (lower-case also works).
  3. Select the Jump to link at the top of the search results.
    • If using Free Edition or TurboTax Live Basic, follow the prompts to upgrade to Deluxe.
  4. On the Tell us about your canceled debt screen, select Yes.
  5. Select the type of canceled debt (main home or other) and then select Continue.
  6. Follow the instructions to enter info from your 1099-C.

 

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