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Get your taxes done using TurboTax
and another new question please:
I thought I had read on one of the tax forms for this year something about "if I have ever had debt forgiveness because of claiming insolvency."
I did a short sale back in 2008 during the Obama Era and the Mortgage crisis back then. I was forgiven my debt for tax purposes by law due to the Obama law in 2008. Would I still need to disclose this information on my 2024 return?
March 5, 2025
2:49 PM