How do I include a 1099C

[jimdotbarber]

II received a 1099C for a Credit card debt.  Where do I put this on my tax return?

[IntuitAustin · Accepted solution]

If you're entering a 1099-C in ProSeries, follow this article

https://accountants-community.intuit.com/articles/1609585-1040-entering-information-from-form-1099-c

[Mt-Juliet--CPA]

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.

[skeramidas]

If it becomes taxable income it goes to Other Income. If not taxed because of being insolvent do the worksheet and efile with the return.  They might ask for more information. I scanned in attorney papers to prove that my client was insolvent.  That seemed to satisfy them.

[TB12]

I can't find the 1099-C in the Income forms.  The reply from Mt-Juliet-CPA says enter the info on "this" 1099-C worksheet.  

WHERE IS IT ?

[qbteachmt]

@TB12 

Here is the updated link to the ProSeries help article:

https://proconnect.intuit.com/support/en-us/help-article/federal-taxes/entering-canceled-debt-proser...