The UltimateTax program does not have a 1099-C. Cancellation of debt income has many factors that contribute to whether or not the income is taxable. Due to this, Form 1099-C for cancellation of debt is not currently in the UltimateTax system. If you need to enter this information into a return you will enter that information on the Sch 1 line 8.
To do this you will link the 1040 worksheet 7 to line 8 where it says other income. To link the form click on the line and press F9 or right-click and choose link.
Enter in information on 1040 worksheet 7, it will automatically carry over to the Sch 1 line 8. You will notice that there is not a line for 1099-C information, you will need to use one of the description lines (17-30) and enter something along the lines of "1099-C" or "Cancellation of debt."
You can also use form 982 to enter this information. Whichever applies to the return in question.
This information applies to all years of the UltimateTax software.
