Received two notices in mail that I have to add this cancellation of debt done by Freedom Debt Relief and Cavalry SPV I LLC to my income taxes as income earned. I took out a loan from my credit union to pay Freedom Debt Relief off quickly their interest rates ridiculous compared to a personal loan from my credit union. I’m still paying on the loan which was more than these documents $10,975.66 versus $14,204.94 personal loan.
Do I need to amend? Already paying the Federal government $5,085.
your help and guidance needed. Thanks, Sheryl
