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March 29, 2022
Question

I have a 1099c for paying off a credit card how do i add that

  • March 29, 2022
  • 1 reply
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1 reply

March 29, 2022

1099-C reports cancellation of debit. If you are solvent, the 1099-C amount is considered taxable income. 

Follow these steps to enter Form 1099-C:

  1. Open or continue your return
  2. In the search box, type 1099-c and hit the Enter key, select the Jump to 1099-c link at the top of the search results
  3. Follow the interview to enter your 1099-C form.

 

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April 1, 2022

Thanks that was helpful