Cancellation of debt income FAQs (1065)

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The following includes answers to common questions about cancellation of debt income.

Where do I enter information to defer the recognition of cancellation of debt income?

Where do I enter the portion of cancellation of debt income that is not being deferred?

Where is the information entered in Screens CODI and K1CODI reported?

Why are Section 108(i) income and deductions included in net income (loss) this year?

How are the amounts of Section 108(i) income and deductions that are included in net income (loss) this year, not related to an accelerated event, determined?

Related topic: 1065 Frequently asked questions

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