Enter the information from Form 1099-C in the fields provided on this 1099-C worksheet.  Then, go to the relatedCanceled Debt Worksheet to enter the information necessary to determine the taxable income from cancellation of debt.

 

Note:  If more than one Form 1099-C is received it may be necessary to use more than one Canceled Debt Worksheet.  See the instructions for the Canceled Debt Worksheet for guidelines.