All income from canceled debt may be excluded from income if the taxpayer----

-- received a form 1099-C with $18,400 in box 2 and $16.700 in box 7 and they were insolvent by $2,900

--Had a debt of $5,400 canceled and prior to the debt, they were insolvent by $2,750

--Had $12,500 of debt canceled, and prior to the cancellation, they were insolvent by $13,000.

-- Had debt of $8,750 canceled, and prior to the debt, they were insolvent by $7,500