Not your question?
Ask your question
View similar questions
Add your answer here.Check out some similar questions!
Filing form 982 and 1040
[ 4 Answers ]
Due to my being broke, my credit cards were settled and paid by negotiation by a family member. I now have a 1099-C-I was told to I can file a 982 due to insolvency- How do I fill the form out, can it be done with a 1040 (EZ) and can it be done online? Last question, can I still have direct...
Documentation with form 982
[ 2 Answers ]
I'm claiming insolvency. I called the IRS about 4000 times and finally was told that all I have to do is set up a sheet with my assets vs liabilities proving negative worth at the time of debt settlements. (credit cards) They said not to send the 1099c's with my taxes.(good thing cause the...
Form 982 line 10a
[ 1 Answers ]
How do I figure cost basis on personal property such as clothing, furnishings, and housewares when I obviously wouldn't keep receipts and get receipts from people who gave things to me from years and years ago?:eek: I don't know what to put on line 10a. The IRS said to put the same amount as on...
Which lines do I fill out on form 982
[ 1 Answers ]
I'm filling out form 982. The reason being insolvency for settled credit cards. My assets are far less than liablities. I need to know what lines to fill out on form 982. What is line 10b about? Do I have to do this part? And if so... how in the heck do I figure out cost basis?? The...
Form 982
[ 1 Answers ]
Hey all, First posting. I recently went through a divorce and am trying to get back on some firmer financial footing. Left in a bad place and considered insolvent, to avoid bankruptcy, I cashed out my 401k and did debt settlement with my major credit cards. Now, a year later, although... View more questions Search
|