Form 982 Help!!
Date: Mon, 02/15/2010 - 08:44
Basically I have to file a form 982 to prove my insolvency.
I had a cancellation of debt in the amount of $5534
Total Assets of $3930
Total Liabilities of $11149
Resulting in Insolvency of $7219
Now from what I understand (or dont understand)
I only have to check 1b on the 982 (cancellation was a car loan)
fill out lines 2 and 10a
What amounts do I put in line 2 and 10a??
PLEASE help me!!
I had a cancellation of debt in the amount of $5534
Total Assets of $3930
Total Liabilities of $11149
Resulting in Insolvency of $7219
Now from what I understand (or dont understand)
I only have to check 1b on the 982 (cancellation was a car loan)
fill out lines 2 and 10a
What amounts do I put in line 2 and 10a??
PLEASE help me!!
I just wanted to acknowledge your post, please keep checking bac
I just wanted to acknowledge your post, please keep checking back for replies. Sometimes it take awhile but someone will be along to advise you when possible.
in part I mark 1b the in line 2 put the amount of the 1099c. if
in part I mark 1b the in line 2 put the amount of the 1099c. if you have the car then fiil out part 10a with same amount of line 2....if U dont have the car leave that blank its usualy for bussines purposes.
