dhale92
Level 1
Saturday
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I have a client who received 2 forms 1095-C for cancellation of debt. The client is insolvent much more than the amount of discharged debt. I have filed out the debt under Misc Income for each form, then prepare 2 extra line items as negatives to zero out and have prepared form 982. Proconnect is not generating a statement for Schedule 1 line 8c or line z under part one to show the IRS we are claiming the debt as income but backing it off as exempt under the insolvency exclusion like it says it should when I research 1095-C on the Proconnect website. I have not hard printed the return to double check, just downloaded the PDF and nothing is showing up.