Form 1099-C – Cancellation of Debt / Form 982 – Reduction of Tax Attributes
What Is Cancellation of Debt? “If you borrow money from a commercial lender and the lender later cancels or forgives...
Source Documents
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Form 1099-MISC, Miscellaneous Income
Form 1099-Misc is used to report any miscellaneous income to a taxpayer that would not be included on a Form... -
Form 1099-Q – Payments from Qualified Education Programs
Form 1099-Q is an IRS form for an individual that receives distributions from a Qualified Education Program. This form is used... -
Form 1098-MA Mortgage Assistance Payments
Form 1098-MA is used to report: Payments made by either HUD under the Emergency Homeowners’ Loan Program (EHLP) or a State... -
Form 1099-R – Rollovers of Retirement Plans and IRA Distributions
Certain retirement payments or distributions a taxpayer receives from a retirement plan or IRA can be “rolled over” by depositing the payment... -
Form W-2G – Gambling Winnings and Losses
Gambling income includes, but is not limited to, lottery, raffle winnings, horse races and casinos. It includes cash winnings and... -
Form W-2
Entering a Form W-2 from the Main Menu of the Tax Return (Form 1040) select: ‘New’ or double-click the entry you wish to ‘Edit’ or... -
Railroad Retirement Benefits (Form RRB-1099-R)
Benefits paid under the Railroad Retirement Act fall into two categories. These categories are treated differently for income tax purposes.... -
Form 1099-R – Qualified Charitable Distributions
Qualified charitable distributions (QCD): Up to $100,000 of qualified charitable distributions (QCD) reported on Form 1099-R can be excluded from income. Generally,... -
1099-SA – Distributions from an HSA, Archer MSA, or Medicare Advantage MSA
Form 1099-SA is provided to a taxpayer that has received certain distributions from a Health Savings Account, Archer Medical Savings...