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Get your taxes done using TurboTax
@MaxU If you entered the 'Exclusion for Insolvency' on the Cancelled Debt Worksheet (screenshot), you should not see this amount included in 'Other Income' on Schedule 1, Line 8 (screenshot).
You are correct that the Refund Meter may not change; however, the amount will be excluded on your Form 1040 total income.
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‎April 16, 2021
3:05 PM