3 ms·
Exactly. That's how the "mortgage crisis" happened. In such cases, "forgiven" debt is taxable as regular income in that year, which adds another layer of probl
by DrScump 8y ago
Exactly. That's how the "mortgage crisis" happened.
In such cases, "forgiven" debt is taxable as regular income in that year, which adds another layer of problems.
- sjg007 8y agoYeah that is how they really get you.. They want their pound of flesh..