You'll need to sign in or create an account to connect with an expert.
No - teacher loan forgiveness is not taxable. There is nothing to report on your tax return at this point. If you ever receive 1099-C for forgiven debt, you will report it then and show the teacher loan forgiveness as an exception to the debt forgiveness rules.
Is it taxable in the State of CA?
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
gk56
New Member
edggomez
New Member
edggomez
New Member
forologia45
Returning Member
leenliinta
New Member