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Your Canceled Debt Could Be Taxable

by briesterer@thinkvisionary.com | Jul 2, 2019 | Newsletter

Your Canceled Debt Could Be Taxable Generally, debt that is forgiven or canceled by a lender is considered taxable income by the IRS and must be included as income on your tax return. When that debt is forgiven, negotiated down (when you pay less than you owe), or...

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