Form 1099-C - Entering Cancellation of Debt in Program
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To enter or review the information from IRS Form 1099-C Cancellation of Debt into the TaxACT program:
  1. From within your TaxACT return (Online or Desktop) click on the Federal Q&A tab
  2. Click Other Income to expand the category and then click Cancellation of Debt (Form 1099-C)
  3. Click Add to create a new copy of the form or click Review to review a form already created
  4. The program will proceed with the interview questions for you to enter or review the appropriate information