I have a 1099-C for 100k of student loans. I am insolvent based on the IRS pub. 4681 insolvency worksheet. I have indicated as much on Form 982, Part I.
I earned a negligible amount of money, on which I owe no taxes, nor am owed a refund. I do not own a business, or property. The basis of my personal-use property (no more than 10k) is far below my liabilities AFTER my cancellation of debt (still owe another 60k in student loans). Based on this (as I understand it), no reduction of tax attributes is required in Part II of Form 982 according to IRC 1017(b)(2). How do I indicate this on my taxes??? What exactly does a "statement" to the IRS documenting this information look like?