I understand all recommendations so far.
Another thought-- What about the interest we would get refunded if the Biden debt forgiveness does pass and the money comes through. I know the income is not supposed to be taxed but if we amend our past taxes soon for refunded interest, what happens if this interest is also taken back off the past 1098-Es? So millions of people would have to go back and amend, potentially a second time for those of us who got the covid refund and are supposed to amend now/soon?
Does anyone have experience with the current/past debt forgivenesses such as the PSLF (public service loan forgiveness)? How was the forgiven interest treated? thanks, cmarchet45
