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There's a second out of forgiveness after 240 payments, though last I check it is unclear exactly what the tax consequences are for that type of forgiveness (pu
by bradleyjg 10y ago
There's a second out of forgiveness after 240 payments, though last I check it is unclear exactly what the tax consequences are for that type of forgiveness (public service forgiveness does not incur a tax liability).
- rhino369 10y ago>it is unclear exactly what the tax consequences are for that type of forgiveness It's treated as taxable income unless you are insolvent, which you might be if you owe a lot of money.