DanielV01
Expert Alumni

Deductions & credits

You're welcome.  The challenge with insolvency is to determine the amount of assets and liabilities in your husband's name at the moment the debt was cancelled.  That usually takes some digging to find out your bank account, belongings, debts, etc.  But he doesn't calculate anything that's yours, just his.  (He would take his portion of joint property).  It takes some time but certainly worth the trouble to get that tax burden off of your income.
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