Form 982 - Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment) FAQs (1040)

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Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to transmit e-files from CS Connect. Find out more.

The following includes answers to common questions about Form 982.

When should Form 982 be filed?

Is there a particular order in which the tax attributes must be reduced?

Does data transfer between Forms 1099-C and 982 in UltraTax CS?

Why is there a difference between the amount excluded from gross income in Screen 982 and the amount of credit tax attributes displayed on Form 982?

What information is provided in the Attributes Available column in Screen 982?

Why are my attribute amounts not transferring to Screen 982 after marking the checkbox to do so?

Does UltraTax CS automatically reduce tax attributes?

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