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Form 982: What is a "discharge of qualified farm indebtedness"?

> Cancellation of Debt > Exclusions (Form 982) or use the FORMS Tab on the right hand side of the screen. For more information, please review Publication 4681 and Form 982 .

Form 982: What is a "discharge of indebtedness to the extent insolvent"?

. The remaining $2,000 would have to be included in income unless you meet one of the other exclusions. To locate Form 982 within our program go to Income > Other Income > Less Common Income > Cancellation of Debt > Exclusions (Form 982) or use

Form 982: What is a "discharge of qualified principal residence indebtedness"?

residence indebtedness exclusion. If your debt was discharged due to a title 11 case, click here . If you were insolvent immediately before the cancellation, you can elect to apply the insolvency exclusion instead of the of applying

Form 982: Reduction of Tax Attributes Due to Discharge of Indebtedness - General Information

the cancellation of indebtedness if it was a: 1. Discharge of qualified principal residence indebtedness 2. Discharge of indebtedness in a title 11 case 3. Discharge of indebtedness to the extent insolvent (not in a title 11 case) 4

Form 982: What is a "discharge of qualified real property business indebtedness"?

the cancellation ) over the net Full Market Value (FMV) ( as of that time ) of the property securing the debt, reduced by the outstanding principal amount of other qualified real property business indebtedness secured by that property

Form 982: What is a "discharge of indebtedness in a title 11 case"?

, please click here. TaxSlayer Entry : From within your account, select Federal Section >> Enter Myself >> Other Income >> Cancellation of Debt (1099-C, Form 982) >> Exclusions (Form 982).

1099-C: Discharge of Indebtedness. What is this form and what do I do with it?

go to Federal section >> Income (Enter Myself) >> Other Income >> Cancellation of Debt (1099-C, Form 982) Please note that there are certain circumstances when you can exclude the cancelled debt from your income. For information about

What is a Form 1099-C? Cancellation of Debt (View a sample form)

A Form 1099-C is received when you have a debt (home, credit card, student loan, etc.) cancelled. This happens when you receive money initially but are not required to pay all or an amount back to the borrower. Because you are not paying the debt back, the IRS considers the amount as taxable income, and it must be reported on your return. However, there are certain circumstances when you can exclude the cancelled debt from your income. For information about these circumstances, click here . To view a sample of Form 1099-C, click here.

Form 1099-A : Acquisition or Abandonment of Property

is Form 1099-C? 1099-C: Discharge of Indebtedness

How do I report a 1099-A form? (1099-A)

please see: Publication 544 for Abandonments, Foreclosures and Repossessions What is Form 1099-C? 1099-C: Discharge of Indebtedness Publication 4681