So I had a large debt of mine discharged. Yay! I put the 1099-C into TurboTax, and nearly crapped myself when I saw I now owed over $13,000 in taxes!
Thankfully, there's Form 982 to the rescue; this will determine up to what amount I am considered insolvent, and will affect the amount of this discharged loan that I need to pay taxes on. Of course, I don't want to pay a dollar more than necessary, so I have the following question:
How do joint bank accounts count towards my assets for the purpose of this insolvency calculation?
Additional info: The tax return is being filed jointly, but the debt was entirely mine. The instructions for Form 982 state to "include all assets, even those which would otherwise be exempt from collections".