Where in ProConnect I record 1099-C Box 3 (interest, if included in Box 2)?

[Ashot32]

Hello Guys,

One of my taxpayers gave me a 1099-C to include in his tax filings. The form has an amount in Box 3 as well besides Box 2. I already put Box 2 in ProConnect. Where do we input Box 3 (interest) amount in ProConnect? This is a credit card debt that is cancelled by the bank.

Thank you!

[George4Tacks]

Assuming a 1040, this would be personal interest that is not deductible, so there would be no entry. 

Was the client insolvent? 

[Ashot32]

No, the client is not insolvent. So I just input the Box 2 amount of debt discharged on Sch 1, line 8 as other income? Thank you!

[sjrcpa]

Yes.

[Ashot32]

Thank You!