3 ms·
is this a workaround for debt forgiveness counting as income for tax purposes?
by notatoad 3y ago
is this a workaround for debt forgiveness counting as income for tax purposes?
- bdcravens 3y agoNo. They'll still likely have to pay taxes on those amounts. I don't think it matters who forgives the debt.
- jareklupinski 3y agoit sure seems like donating 1k to a charity to wipe away >1M of debt should make you a millionnaire