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Retirement tax questions
So sorry for your loss.
No, you don't have to pay income taxes on your mother's cancelled debt.
Generally, if there was an estate established for her, the cancelled debt would be income to the estate. However, you stated she didn't have enough assets.
Click this link for more info on Cancelled Debt for Deceased Persons. Source: MarilynG1
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March 2, 2021
9:03 AM