forgiven debt is taxable income

本帖于 2019-08-11 06:11:11 时间, 由版主 柠檬椰子汁 编辑
回答: 税务上有这个漏洞吗?新移民生活2019-08-10 22:43:00

Your lender files 1099C to IRS on cancelled debt

IRS often waive tax on cancelled debt on primary residence (because primary residence capital gain exclusion)

But I think IRS willcollect on investment property

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