To enter or review the information from IRS Form 1099-C Cancellation of Debt into the TaxAct® program:
- From within your TaxAct return (Online or Desktop) click Federal. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal.
- Click Other Income in the Federal Quick Q&A Topics menu to expand the category and then click Cancellation of Debt (Form 1099-C).
- Click New Copy of Form 1099-C (Desktop users click Add) to create a new copy of the form or click Review to review a form already created
- The program will proceed with the interview questions for you to enter or review the appropriate information