Which of the following is not taxable regarding forgiveness of debt? a. Debt forgiven by a bank
Question:
Which of the following is not taxable regarding forgiveness of debt?
a. Debt forgiven by a bank who loaned you money to buy a car
b. Debt forgiven by a vendor from which your business purchased material
c. Debt forgiven of $300,000 by bank on the mortgage of your principal residence
d. Debt forgiven on a credit card
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Related Book For 
Fundamentals Of Taxation For Individuals A Practical Approach 2024
ISBN: 9781119744191
1st Edition
Authors: Gregory A Carnes, Suzanne Youngberg
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