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IRS Form 982 Instructions · Provide your name and identifying number as indicated on your income tax return; · Line 1. Determine whether you claim the reduction(including instructions for Forms IT-195 and IT-201-ATT) Beginning with tax year 2018, the Tax Law allows you to 982. 22,300 22,350. The. Instructions for Form 982 have been revised due to recent legislation that allows the exclusion of qualified principal residence indebtedness discharged in. (For additional information, see the instructions for Part II.) Enter amount excluded from gross income: 4. For a discharge of qualified real property business Per instructions for Form 982 - "There is no exclusion for qualified principal residence indebtedness discharged in 2018 unless the discharge is subject to Schedule UB/NLD Instructions (IL-1120) (R-12/18). General Information. This schedule is for use only in tax years ending on or after. December 31, 2018 If you received Form 1099-C Cancellation of Debt and are eligible to exclude a canceled debt from your income because of any of the following, file Form 982 Schedule NLD and attach federal Form 982. P Throwback adjustment - see instructions. Q Double throwback adjustment - see instructions. Enter the amount you.
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