Form 982, Reduction of Tax Attributes Instructions
This form contains 27 fields organized into 6 sections. Below is a complete list of every field, its type, and what information is expected.
| Field Name | Type | Description |
|---|---|---|
| Amounts Excluded | ||
| topmostSubform[0].Page1[0].f1_3[0 | Text |
Enter the amount of discharge of indebtedness excluded from gross income.
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| Consent of Corporation | ||
| Under section 1081(b), the corporation named above has excluded | Text |
Enter the amount excluded under section 1081(b) for the corporation named above.
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| Under section 1081(b), the corporation named above has excluded $ 6e66 from for the tax year beginning | Text |
Enter the amount excluded under section 1081(b) for the corporation named above for the tax year beginning on the specified date.
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| Under section 1081(b), the corporation named above has excluded $ 6e66 from for the tax year beginning f6cb | Text |
Enter the amount excluded under section 1081(b) for the corporation named above for the tax year beginning on the specified date.
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| Elections | ||
| topmostSubform[0].Page1[0].c1_7[0 | CheckBox |
Check this box if you elect under section 108(b)(5) to apply the reduction first to the basis of depreciable property.
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| topmostSubform[0].Page1[0].c1_7[1]_No | CheckBox |
Check this box if you do not elect under section 108(b)(5) to apply the reduction first to the basis of depreciable property.
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| General Information | ||
| Name shown on return | Text |
Enter the name as shown on your tax return.
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| Identifying number | Text |
Enter your identifying number, such as your Social Security Number (SSN) or Employer Identification Number (EIN).
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| topmostSubform[0].Page1[0].f1_7[0 | Text |
Enter the general information required for the form. This could include your name, address, or other identifying information.
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| topmostSubform[0].Page1[0].f1_14[0 | Text |
Enter the relevant information as required by the form. This field may be used for additional details or specific instructions.
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| topmostSubform[0].Page1[0].f1_16[0 | Text |
Enter the relevant information as required by the form. This field may be used for additional details or specific instructions.
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| (State of incorporation) | Text |
Enter the state where the corporation is legally incorporated.
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| Reduction of Tax Attributes | ||
| 4 5 That you elect under section 108(b)(5) to apply first to reduce the basis (under section 1017) of | Text |
Enter the amount you elect under section 108(b)(5) to apply first to reduce the basis of depreciable property.
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| 5 That you elect under section 108(b)(5) to apply first to reduce the basis (under section 1017) of depreciable property 5 | Text |
Enter the amount you elect under section 108(b)(5) to apply first to reduce the basis of depreciable property.
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| 6 Applied to reduce any net operating loss that occurred in the tax year of the discharge or carried over to the tax year of the discharge 6 | Text |
Enter the amount applied to reduce any net operating loss that occurred in the tax year of the discharge or carried over to the tax year of the discharge.
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| 8 8 8 Applied to reduce any minimum tax credit as of the beginning of the tax year immediately after the tax year of the discharge | Text |
Enter the amount applied to reduce any minimum tax credit as of the beginning of the tax year immediately after the tax year of the discharge.
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| 9 Applied to reduce any net capital loss for the tax year of the discharge, including any capital loss carryovers to the tax year of the discharge 9 | Text |
Enter the amount applied to reduce any net capital loss for the tax year of the discharge, including any capital loss carryovers to the tax year of the discharge.
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| 10a Applied to reduce the basis of nondepreciable and depreciable property if not reduced on line 5. DO NOT use in the case of discharge of qualified farm indebtedness 10a | Text |
Enter the amount applied to reduce the basis of nondepreciable and depreciable property if not reduced on line 5. Do not use in the case of discharge of qualified farm indebtedness.
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| b Applied to reduce the basis of your principal residence. Enter amount here ONLY if line 1e is checked 10b | Text |
Enter the amount applied to reduce the basis of your principal residence. Enter the amount here only if line 1e is checked.
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| a Depreciable property used or held for use in a trade or business or for the production of income if not reduced on line 5. 11a | Text |
Enter the amount applied to reduce the basis of depreciable property used or held for use in a trade or business or for the production of income if not reduced on line 5.
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| b Land used or held for use in a trade or business of farming 11b | Text |
Enter the amount applied to reduce the basis of land used or held for use in a trade or business of farming.
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| 12 Applied to reduce any passive activity loss and credit carryovers from the tax year of the discharge 12 | Text |
Enter the amount applied to reduce any passive activity loss and credit carryovers from the tax year of the discharge.
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| Type of Discharge | ||
| topmostSubform[0].Page1[0].c1_1[0]_1 | CheckBox |
Check this box if the discharge of indebtedness is due to bankruptcy.
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| topmostSubform[0].Page1[0].c1_2[0]_1 | CheckBox |
Check this box if the discharge of indebtedness is due to insolvency.
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| topmostSubform[0].Page1[0].c1_3[0]_1 | CheckBox |
Check this box if the discharge of indebtedness is due to qualified farm indebtedness.
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| topmostSubform[0].Page1[0].c1_4[0]_1 | CheckBox |
Check this box if the discharge of indebtedness is due to qualified real property business indebtedness.
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| topmostSubform[0].Page1[0].c1_5[0]_1 | CheckBox |
Check this box if the discharge of indebtedness is due to qualified principal residence indebtedness.
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