Below is our available insolvency worksheet (print this for your records).
insolvency_worksheet.pdf
How to report the insolvency exclusion
To show that you are excluding canceled debt from income under the insolvency exclusion, attach Form 982 to your federal income tax return and check the box on line 1b. On line 2, include the smaller of the amount of the debt canceled or the amount by which you were insolvent immediately before the cancellation.
The documents provided above are not responsible in assisting/preparing a correct tax return. The available forms are only for documenting additional documentation and are not subject to any regulations set forth in Circular 230 of the IRS.