Yes, loans forgiven during the period of time specified (discharged between December 31, 2020, and January 1, 2026) are not taxable as cancellation of debt.
New York passed legislation in 2023 to conform with the Federal treatment, so it is not subject to New York state tax.
@jfeder89
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
