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    ericastiffler's Avatar
    ericastiffler Posts: 5, Reputation: 1
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    #1

    Jan 25, 2009, 12:33 AM
    Which lines do I fill out on form 982
    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 IRS told me to put the same amount in line 2 and in 10b. Is this correct? If so... what is the whole cost basis thing, and does it apply to me?:eek:

    I can't afford to pay someone to do this, and I don't want to do it wrong.

    The insolvency has nothing to do with foreclosure, or anything with my house. I am buying my own house though.
    ericastiffler's Avatar
    ericastiffler Posts: 5, Reputation: 1
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    #2

    Jan 25, 2009, 05:06 PM

    Woops. Actually I meant line 10a. Not 10b. I didn't have any home issues.
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