Form 982 Insolvency - Information about form 982, reduction of tax attributes due to discharge of indebtedness (and section 1082 basis. You were insolvent, if your liabilities (the total amount of all debts) were more than the fair market value (fmv) of all of your assets. Instructions for filling out form 982 can be found in irs publication 4681, including the insolvency worksheet the irs provides for. You must file form 982 to report the exclusion and the reduction of certain tax attributes either dollar for dollar or 33 1 / 3 cents per dollar (as.
You must file form 982 to report the exclusion and the reduction of certain tax attributes either dollar for dollar or 33 1 / 3 cents per dollar (as. Information about form 982, reduction of tax attributes due to discharge of indebtedness (and section 1082 basis. You were insolvent, if your liabilities (the total amount of all debts) were more than the fair market value (fmv) of all of your assets. Instructions for filling out form 982 can be found in irs publication 4681, including the insolvency worksheet the irs provides for.