- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Massachusetts follows IRC Sec. 108 as it existed in 2005. There are some provisions that could enable a taxpayer to exempt or exclude debt cancellation income. Research thoroughly and see IRS Form 982 and IRS Pub. 908. Scruffy's answer covers one limited aspect and is not a thorough or completely correct answer.
‎June 4, 2019
8:10 PM