Brittany and I may be saying the same thing and situations can be different.
According to this IRS publication, Code G means:
Code G—Decision or policy to discontinue collection. Code G is used to identify cancellation of debt as a result of a decision or a defined policy of the creditor to discontinue collection activity and cancel the debt. For purposes of this identifiable event, a defined policy includes both a written policy and the creditor's established business practice.
This typically would not be part of the American Rescue Plan.
For your specific situation, I think you need to contact Discover to confirm one way or another what the terms of the cancellation were. You need to know if the cancelation was part of the American Rescue Plan or a type of discharge that would require it to be reported as taxable income.
@N_Br0wn
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