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Re: N4longterm post# 76882

Tuesday, 09/23/2014 9:13:46 PM

Tuesday, September 23, 2014 9:13:46 PM

Post# of 220828
Forgiveness of debt is taxed as income to the debtor. You can file with the IRS. I believe you file Form 1099-C to report income for cancelling debt over $600.
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