I have a client that is the 100% shareholder of a C-corporation that went under last year.  The business had business credit cards that the shareholder had to sign for.  All charges put on the business credit card were business expenses, absolutely nothing personal put on it.  The debt was cancelled and a 1099-C was issues to BOTH the shareholder and the corporation.  The debt belonged to the corporation and has always been reported on the corporations balance sheet.  I need to report the 1099-c on the shareholder's return and somehow back it off, since this will all be reported on the final c-corporation's 1120.  What is best way to handle on the personal 1040 with proseries?