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

Alerts and notices

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 the application?

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?

Do tax attributes reduce automatically?