Massachusetts 2010: 1099-C, Cancellation of Debt
Certain customers who had a cancellation of debt may have filed an incorrect tax return.
TurboTax has fixed this issue.
How to tell if you are impacted
You may be affected if ALL of the following are true:
- You filed a 2010 Massachusetts Income Tax Return prior to September 21, 2011; AND
- You received a Federal Form 1099-C with an amount in Box 2; AND
- It was not included as taxable income on Massachusetts Schedule X, Line 4.
- Note: Please refer to Massachusetts Department of Revenue website for exceptions to the inclusion of cancellation of debt in income if insolvent.
If you are affected, you may have underpaid your state tax. You will need to amend your state tax return.
If you need to contact us, please use the phone number in the email from TurboTax and tell the representative you’re calling about Massachusetts 2010: Cancellation of Debt.