Form 982 Instructions. Attach this form to your income tax return. Certain individuals may need to complete only a few lines on form 982.
Form 982 Credit Card Debt Cancellation
Attach this form to your income tax return. Instructions for form 982 (12/2021) download pdf. Web information about form 982, reduction of tax attributes due to discharge of indebtedness (and section 1082 basis adjustment), including recent updates, related forms, and instructions on how to file. Form 982 is used to find the discharged indebtedness amount that can be excluded from gross income. We'll automatically generate form 982 if your cancelled debt is due to: Reduction of tax attributes due to discharge of indebtedness (and section 1082 basis adjustment). Certain individuals may need to complete only a few lines on form 982. March 2018) department of the treasury internal revenue service. Common situations covered in this publication Web form 982, reduction of tax attributes due to discharge of indebtedness at the top of form 982, you’ll find a series of check boxes that indicated why you are filling out this form.
Web below are five scenarios where an exclusion from taxable income could be applicable by utilizing a properly reported form 982: For example, if you are completing this form because of a discharge of indebtedness on a personal Web below are five scenarios where an exclusion from taxable income could be applicable by utilizing a properly reported form 982: Cancellation of qualified principal residence indebtedness, aka mortgage debt relief; How can i find irs form 982. Web how do i complete irs form 982? Web you must file form 982 to report the exclusion and the reduction of certain tax attributes either dollar for dollar or 331/3 cents per dollar (as explained later). Common situations covered in this publication Attach this form to your income tax return. We'll automatically generate form 982 if your cancelled debt is due to: Qualified real property business indebtedness
