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Education
it depends on why your debt was forgiven. See Can Debt Forgiveness Cause a Student Loan Tax Bomb?
Enter the 1099-C and go through the questions to be properly reported. How do I enter a 1099-C?
Your state may tax or exempt regardless of the federal so check state law as well. You can reply with the state for us to help.
Reference: Topic 431
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‎April 14, 2025
8:22 AM