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  • Re: What is the true meaning of Cancelled Debt? Is there a limit how much debt you are forgiven that you would have to report this income? Does NJ require this income any?
Mike9241
Level 15 Mike9241
Level 15
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Get your taxes done using TurboTax

you message is totally confusing.

see this from the IRS which should answer whatever questions you have.

 

https://www.irs.gov/taxtopics/tc431 

‎May 9, 2025 11:35 PM
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