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After already filing 2017 return, I received a 1099-C for
After already filing 2017 return, I received a 1099-C for credit card debt discharged in my ch 13 bankruptcy in 2017. I am about to amend my tax return and in the process of filling out form 982 but u… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
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Received two 1099-Cs. One was for credit card debt and the
Received two 1099-Cs. One was for credit card debt and the other was a home equity loan. Which boxes need to be checked off on form 982 for each?… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Filling out form 982 - received form 1099-C discharging 2nd
Filling out form 982 - received form 1099-C discharging 2nd mortgage due to discharge of BK … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
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MY son passed away we received a 1099 c from wells fargo on
MY son passed away we received a 1099 c from wells fargo on his student loan. It was discharged . Are we able to fill out a 982 form and how do we do it… read more
NPVAdvisor
NPVAdvisor
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I have a client that received a 1099-C Box 2 is $93,970.00
i have a client that received a 1099-C Box 2 is $93,970.00 Box 4 Mortgage box 5 not checked box 6 F kindly advise… read more
NPVAdvisor
NPVAdvisor
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Master's Degree
180 satisfied customers
Many years ago, I ran into financial problems and credit problems
Many years ago, I ran into financial problems and credit problems and was unable to pay back my credit cards. Now that I'm back on my feet I've started to pay some off, but haven't paid off all of the… read more
PDtax
PDtax
Owner
Master's Degree
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I received three 1099 Cs from credit card companies in 2013,
I received three 1099 Cs from credit card companies in 2013, the event code is G and C. I am in a process of bankruptcy since October last year. I have not file 2013 yet. My filing date is August 25 ,… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I have recieved a couple of 1099-c forms for credit cards.
I have recieved a couple of 1099-c forms for credit cards. do i need to fill out a 982 to reduce the taxes I owe? I could use some simple instructions on how to fill out the 982 form and what needs to… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
Need help, form 982 as individual. Using H&R Block with form
Need help, form 982 as individual. Using H&R Block with form 982, doesn't have worksheet 4681:used paper 4681 for assets & debt. Have cancelled credit card debt of $3844, shared with ex-spouse from 10… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
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I am filling out a 982 based on a 1099-C. I have been discharged
I am filling out a 982 based on a 1099-C. I have been discharged from all my unsecured credit card debt under a chapter 7 bankruptcy. Of all my credit cards that were discharged under chapter 7, I onl… read more
Barbara
Barbara
Enrolled Agent
7,064 satisfied customers
My spouse and I had a line of credit in our partnership name
My spouse and I had a line of credit in our partnership name (just the two of us in the partnership), with my spouse also personally liable. We filed personal BK but did not file BK for the partnershi… read more
Anne
Anne
Master Tax Preparer
1,328 satisfied customers
I received a 1099 from Bank of America and Discover for amounts
I received a 1099 from Bank of America and Discover for amounts on cards that were their "business" cards. My husband and I are both small business owners and file a 1040 every year. This past year we… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I received a 1099-C Cancellation of Debt form on a Debt that
I received a 1099-C Cancellation of Debt form on a Debt that was taken to court as disputed and dismissed due to the company not being able to prove I owed the debt. The company was trying to sue me f… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I had credit card debt only (my mortgage was not affected)
I had credit card debt only (my mortgage was not affected) discharged through a chapter 7 bankruptcy. Do I need to file a Form 982? If so, how do I fill out part II?… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I received 3 different 1099-C notices totaling $9900. Is there
I received 3 different 1099-C notices totaling $9900. Is there anything I can do as to not claiming this as income. I am not insolvent, or bankrupt, just can't afford paying these kind of taxes. Box 5… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I need help filling out form 982.I am inslovent. My assets
I need help filling out form 982.I am inslovent. My assets before discharge was $248,500. My liabilities before discharge was $317,144. Things that were discharged were credit cards and one car. My as… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I received a notice from a cancellation of debt from a debt
I received a notice from a cancellation of debt from a debt collector. I made a settlement with the credit card company in 1998 for half of the balance. About 3 years ago the remaining balance was sol… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I have paided off 2 credit card debts this past year for ...
I have paided off 2 credit card debts this past year for 50% or less of the original payment due. I have received a 1099 form from these 2 credit card companies. How do or what form do I need to use i… read more
Wayne Brasch
Wayne Brasch
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Master Degree
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