Form 982 pdf 2026

Form 982 is used to report the exclusion of discharged indebtedness from gross income under certain circumstances, as outlined in Section 108 of the Internal Revenue Code. It provides instructions for taxpayers on how to complete the form based on different types of debt discharges, including those related to personal residences, business debts, and insolvency. The form also details how to reduce tax attributes resulting from the discharge and includes specific guidelines for corporations regarding basis adjustments.

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Click ‘Get Form’ to open the form 982 PDF in the editor.
Begin by filling in your identifying number and name as shown on your tax return at the top of the form.
In Part I, check the applicable box(es) for the reason behind the discharge of indebtedness. This includes options like insolvency or qualified principal residence indebtedness.
Enter the total amount of discharged indebtedness that you are excluding from gross income on line 2.
Proceed to Part II, where you will apply any reductions to your tax attributes based on your selections in Part I. Follow the instructions carefully for each line.
If applicable, complete Part III regarding consent for adjustment of basis under section 1082(a)(2).
Review all entries for accuracy before saving and exporting your completed form directly from our platform.

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