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February 17, 2021
Question

I forgave a bonafide bad debt. I know it goes on Form 8949. Where in TurboTaxes software do I enter this information?

  • February 17, 2021
  • 1 reply
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1 reply

ColeenD3
February 20, 2021

Enter it in the Investment Section.  "Stocks, Mutual Funds, Bonds, Other" You will continue describing it as "Other".

 

Enter the name  of the debtor. 

 

Screen: Now we’ll walk you through entering your sale details

 

What type of investment did you sell? Other

 

How did you receive this investment? Something else

 

Description Bad Debt