Good Afternoon,
As of Aug 2023, I was approved for Borrower's Defense Against Repayment for my student loans. The total debt including interest that was written off was $45,000, without interest 28,334.00. I live in Tennessee. I have not received the Cancellation of Debt form yet, but I do have all the letters from Nelnet, StudentAid.gov and US Dept of Education showing my approval. All of the student loan debt has been removed from my credit history, as well. Will this affect my return next year? Will I need to include this in my income? Will I be required to pay taxes on it? Is it easier to pay for someone to sit down and go over and complete my taxes for me OR is it an easy process using TurboTax? I am due for a small refund of $1,109, will that affect anything? Thank you for your assistance with my questions. This event is greatly appreciated!
