Form 1099-C - Entering Cancellation of Debt in Program

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 Federal. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal.
  2. Click Other Income in the Federal Quick Q&A Topics menu to expand the category and then click Cancellation of Debt (Form 1099-C).
  3. Click +Add Form 1099-C 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