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982 instructions 2023 Form: What You Should Know
See page 39 of PDF element Form IL-1120“ Step 5: Enter the amounts excluded from gross income, then click on the tab to the right labeled “Cancel. Enter a zero and click Cancellation to close the window. Form 982 — Reduction of Tax Attributes — Tax Act On the left side of your return, select Other Income for a pop-up menu. In the pop-up menu, select Cancellation of Debt (Form 982 (Rev. Dec. 21 2021)) to find the amount to cancel. After this amount is entered, close the pop-up menu and then click Close. Step 6: Fill-Out Part III. This part requires you to enter all the amounts in item 2 minus any adjustment provided for in section 11, Code of Federal Regulations (CFR) § 1.
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