Since your debt cancellation is associated with business real property, there are special rules that govern its taxability that TurboTax does not support. Specifically, if the debt is considered Qualified Real Property Business Indebtedness, there may be an exception that would allow for it to not be taxable. You would have to research that further on your own or seek the advice of a professional. I suspect for legal reasons, it is beyond the scope of support offered by TurboTax.
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