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Canceled debt is ______________. Included in gross income when the debt is discharged in a Title 11 bankruptcy case. Included in gross income if the

Canceled debt is ______________. Included in gross income when the debt is discharged in a Title 11 bankruptcy case. Included in gross income if the debt is discharged when the taxpayer is insolvent. Not included in gross income when the debt is canceled as a gift. Included in gross income when the debt is discharged as an inheritance.

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