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 on the Federal tab. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal
- Click Other Income to expand the category and then click Cancellation of Debt (Form 1099-C)
- 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
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