[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-1070":3},{"rec_id":4,"title":5,"text":6},"1070","Bankruptcy","Menu Path: \u003Ci>Income > Uncommon Income > Canceled Debt (1099-C)\u003C/i>\r\n\u003Cbr>\u003Cbr>\r\nIf you received a \u003Ci>Form 1099-C\u003C/i> for cancellation of debt income, you can enter that amount on the \u003Ci>Canceled Debt (1099-C) Information\u003C/i> screen. If the cancellation of debt income was part of your bankruptcy, then none of it will end up being taxable income. \u003Cbr>\u003Cbr>\r\nCanceled debt income due to bankruptcy proceedings is one of five types of canceled debt that is excluded from income.",1777391532657]