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Debt Relief – Insolvency – Bankruptcy Information » Insolvency » Can I file Form 1040A with Form 982 for cancellation of debt in the case of insolvency? Thank you?

Can I file Form 1040A with Form 982 for cancellation of debt in the case of insolvency? Thank you?

I have debt cancellation in the amount of $10k. I was insolvent at the time. If I file form 982, I was told I do not need to report this as income. Turbotax is printing out only form 1040A.

Any Ideas ?

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2 Responses to "Can I file Form 1040A with Form 982 for cancellation of debt in the case of insolvency? Thank you?"

  1. v b says:
    The 982 is submitted with a 1040 only.
  2. travelguruette says:
    If you are not reporting it as income then turbo tax has no way of knowing it has to print the 1040. What we have been recommending is to put an other income of $1. Put it down as nontaxabe cod/insolvency.

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