If you do not have other itemized deductions on your return, the +/- $7,000 will not make any difference. You will automatically get a standard deduction for a single taxpayer of $14,600.
Please clarify what you mean by forgiveness loan during an investigation
- Forgiveness from Who?
- What is the loan for?
- Did you get a form 1099-C?
- What is the investigation?
Please contact us again with additional information
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