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

Alerts and notices
Leave feedback

Internal Employees: Submit feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.


Characters left:

Change to CS Support service hours

Our Support department is closed on [[date]]. However, limited UltraTax CS phone support is available on that date from 9 AM - 5 PM ET due to the approaching deadline.

Links to our most popular tax processing topics are available in the Alerts and notices section on the right side of most pages.

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?

Share This