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does a taxpayer have taxable income from debt that was cancelled in a decedents will? A) No, but only if the amount of the cancelled

does a taxpayer have taxable income from debt that was cancelled in a decedents will?

A) No, but only if the amount of the cancelled debt is not more than $14,000

B) No regardless of the amount canceled.

C) Yes but only if the amount of cancelled debt is less than $14,000

D) No, but only if the debts was recourse.

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