TaxGuyBill
Level 15

@BeckerMgt wrote:

How to enter 1099-A Cencellation of Debt for a Rental Prperty Mortgage ...

 

When I enter the 1099-A on it's own with the estimated value of the property on it Proseries creates a Canceled Debt worksheet that computes the gain/loss.    


 

I'm confused.  A 1099-A is not cancellation of debt.

Generally, just entering the proper amount in the disposition section (like a sale) gets the job done.