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What tax forms are submitted with 1040 tax returns for Ch7 Bankruptcy filing???

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    #1

    What tax forms are submitted with 1040 tax returns for Ch7 Bankruptcy filing???

    I am finishing my tax returns and need to know what form to submit with my 1040 tax returns for filing Chapter 7 Bankruptcy in 2011. We received 2 1099's from our credit cards for debt forgiveness, which we don't want to have as income. Debt was discharged last year but we are an asset case and have 1 payment left to our trustee before it hopefully gets closed.
    Thanks in advance,
    DJ
    Tags: ch7, tax
    #2
    Form 982

    Note, form 982 is only for 1099-C's. If you received a 1099-A (due to a foreclosure or short sale of a home, that is a different issue).

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      #3
      Confusing!

      What a confusing form. Any suggestions on how to complete? We have depreciation from investment real estate, etc. does that play into this?

      Thank again!
      Dj

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        #4
        Then you are talking about a 1099-A, that is a TOTALLY different issue.

        You need to look at IRS publications 544 and 4681.

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          #5
          No just 1099-c. I don't even understand the questions. What if I fill it out incorrectly? On accident of course!!

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            #6
            Sounds like you need to get a tax professional to help you.

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