2010 Form 982, Reduction of Tax Attributes Due to Discharge of
Indebtedness (and Section 1082 Basis Adjustment)
Summary: This is an example of Form 982 with the following items
filled out:
- The
Name shown on return
field contains
Nancy Oak
. The
Identifying number
field shows an identification number of
123-00-6789.
- The box on line 1e,
Discharge of qualified principal residence indebtedness
is checked.
- Line 2,
Total amount of discharged indebtedness excluded from gross
income
shows
$5,000.00
. - Line 10b,
Applied to reduce the basis of your principal residence. Enter
amount here ONLY if line 1e is checked
shows
$5,000.00
.
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