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It depends. In Indiana, the taxability of discharged student loan debt due to borrower defense varies based on specific circumstances. According to the Indiana Department of Revenue, while some discharged student loans are taxable, there are exceptions.

To Determine Taxability

Review the Indiana Department of Revenue website: see table below and check the Indiana Department of Revenue's page on student loan forgiveness for detailed information and any updates on the taxability of different types of student loan discharges.

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