[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-304715-105":53,"doc-detail-304715-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","reduction-of-tax-attributes-due-to-discharge-of-indebtedness-form-982-revmarch-2018","Reduction of Tax Attributes Due to Discharge of Indebtedness - Form 982 - (Rev.March 2018)","","Form 982 (Rev. March 2018) from the U.S. Department of the Treasury, Internal Revenue Service, is used to reduce tax attributes when indebtedness is discharged and amounts are excluded from gross income. It guides taxpayers in reporting the type of discharge (insolvent, qualified real property business, qualified principal residence, or qualified farm indebtedness) and calculating total excluded discharged indebtedness. It also requires basis reduction ordering, elections under section 108(b)(5), and instructions on attaching required transaction descriptions and, if applicable, corporate consent under sections 1082 and 1081.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/reduction-of-tax-attributes-due-to-discharge-of-indebtedness-form-982-revmarch-2018/304715/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/reduction-of-tax-attributes-due-to-discharge-of-indebtedness-form-982-revmarch-2018/304715.png","ImageObject",442,249,{"name":88,"@type":89},"Dozel","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-09-28","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":73},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"When must Form 982 be attached to an income tax return?","Question",{"text":108,"@type":109},"Form 982 should be attached to your income tax return when you are reducing tax attributes due to discharge of indebtedness that is excluded from gross income.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"What types of discharged indebtedness are covered by the form?",{"text":113,"@type":109},"The form covers discharge to the extent insolvent (not in a title 11 case), qualified real property business indebtedness, qualified principal residence indebtedness, and qualified farm indebtedness, based on the applicable checked boxes and instructions.",{"name":115,"@type":106,"acceptedAnswer":116},"What is required for basis reduction and elections under the form?",{"text":117,"@type":109},"The form requires attaching a description of transactions resulting in basis reduction under section 1017 and follows the basis reduction ordering rules in the related regulations. It also includes elections under section 108(b)(5) and instructions for applying reductions to items such as net operating loss, credits, capital loss, and property basis as applicable.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},304715,1790612254,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":76,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":9,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":4},962085662650,"https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0","| Fom  \u003Cbr>(Rev.March 2018)  \u003Cbr>Department of the Treasury  \u003Cbr>Internal Revenue Service   | Reduction of Tax Attributes Due to Discharge of  \u003Cbr>Indebtedness(and Section 1082 Basis Adjustment)  \u003Cbr>▶Attach this form to your income tax return.  \u003Cbr>▶Go to www.irs.gov/Form982 for instructions and the latest information.   |  | OMBNo.1545-0046   |\n| --- | --- | --- | --- |\n|  |  |  | Attachment  \u003Cbr>Sequence No.94   |\n| Name shown on retum   |  | Idenifying number   |  |\n\n# PartlGeneral Information(see instructions)\n\n1 Amount excluded is due to (check applicable box(es)):  \nb Discharge of indebtedness to the extent insolvent (not in a title 11 case).  \nd Discharge of qualified real property business indebtedness .....  \ne Discharge of qualified principal residence indebtedness(Caution:See instructions before  \n2 Total amount of discharged indebtedness excluded from gross income ..  \n3 Do you elect to treat all real property described in section 1221(a)(1),relating to property held for sale to  \n  customers in the ordinary course of a trade or business,as if it were depreciable property?          □Yes □No   \nPart IIReduction of Tax Attributes.You must attach a description of any transactions resulting in the reduction inbasis under section 1017.See Regulations section 1.1017-1 for basis reduction ordering rules,and,if applicable,  \nrequired partnership consent statements.(For additional information,see the instructions for Part II.)  \n\n| Enter amount excluded from gross income:  \u003Cbr>4 For a discharge of qualified real property business indebtedness applied to reduce the basis of  \u003Cbr>depreciable real property  \u003Cbr>5 That you elect under section 108(b)(5)to apply first to reduce the basis(under section 1017)of  \u003Cbr>depreciable property ....··..  \u003Cbr>6 Applied to reduce any net operating loss that occurred in the tax year of the discharge or carried  \u003Cbr>over to the tax year of the discharge.··················.  \u003Cbr>7 Applied to reduce any general business credit carryover to or from the tax year of the discharge  \u003Cbr>8 Applied to reduce any minimum tax credit as of the beginning of the tax year immediately after the  \u003Cbr>tax year of the discharge......................  \u003Cbr>9 Applied to reduce any net capital loss for the tax year of the discharge,including any capital loss  \u003Cbr>carryovers to the tax year of the discharge .  ...............  \u003Cbr>10a Applied to reduce the basis of nondepreciable and depreciable property if not reduced on line 5.  \u003Cbr>DO NOT use in the case of discharge of qualified farm indebtedness ....·....  \u003Cbr>b Applied to reduce the basis of your principal residence.Enter amount here ONLY if line 1e is  \u003Cbr>checked.   ···························  \u003Cbr>11 For a discharge of qualified farm indebtedness applied to reduce the basis of:  \u003Cbr>a Depreciable property used or held for use in a trade or business or for the production of income if  \u003Cbr>not reduced on line 5............  \u003Cbr>b Land used or held for use in a trade or business of farming   \u003Cbr>c Other property used or held for use in a trade or business or for the production of income...  \u003Cbr>12 Applied to reduce any passive activity loss and credit carryovers from the tax year of the discharge  \u003Cbr>13 Applied to reduce any foreign tax credit carryover to or from the tax year of the discharge.  .   | 4   |  |\n| --- | --- | --- |\n|  | 5   |  |\n|  | 6   |  |\n|  | 7   |  |\n|  | 8   |  |\n|  | 9   |  |\n|  | 10a   |  |\n|  | 10b   |  |\n|  | 11a   |  |\n|  | 11b   |  |\n|  | 11c   |  |\n|  | 12   |  |\n|  | 13   |  |\n\nPartⅢ Consent of Corporation to Adjustment of Basis of Its Property Under Section 1082(a)(2)  \nUnder section 1081(b),the corporation named above has excluded $from its gross incomefor the tax year beginning  \nUnder that section,the corporation consents to have the basis of its property adjusted in accordance with the regulations prescribedunder section 1082(a)(2)ineffect at the time of fling its income tax return for that year.The corporation is organized ","cbCaimTWK5ToGm3B","https://ap.wps.com/l/cbCaimTWK5ToGm3B","pdf",70042,"English","# Part I General Information\n## Part II Reduction of Tax Attributes\n## Part III Consent of Corporation to Adjustment of Basis","[{\"question\":\"When must Form 982 be attached to an income tax return?\",\"answer\":\"Form 982 should be attached to your income tax return when you are reducing tax attributes due to discharge of indebtedness that is excluded from gross income.\"},{\"question\":\"What types of discharged indebtedness are covered by the form?\",\"answer\":\"The form covers discharge to the extent insolvent (not in a title 11 case), qualified real property business indebtedness, qualified principal residence indebtedness, and qualified farm indebtedness, based on the applicable checked boxes and instructions.\"},{\"question\":\"What is required for basis reduction and elections under the form?\",\"answer\":\"The form requires attaching a description of transactions resulting in basis reduction under section 1017 and follows the basis reduction ordering rules in the related regulations. It also includes elections under section 108(b)(5) and instructions for applying reductions to items such as net operating loss, credits, capital loss, and property basis as applicable.\"}]","Reduction of Tax Attributes Due to Discharge of Indebtedness - Form 982 - (Rev.March 2018) | PDF",1789816479]