lfoley
Feb 4, 2009, 04:37 PM
How do I record form 1099c on form 1040?
Gimpdiggity
Feb 4, 2009, 05:20 PM
How do I record form 1099c on form 1040?
It will end up going in the line for "Additional Income." I think it's line 20, or 21.
If it's a 1099c from a foreclosure of a home, though, there are some extra things you can do to avoid paying taxes on that as income.
MukatA
Feb 4, 2009, 11:19 PM
Yes, for what reason you got 1099-C debt cancellation?