Ed suffered a serious injury after his college graduation. He became totally and permanently disabled as a result of that traumatic injury. Ed was subsequently forgiven $37,468 in student loan debt. On which tax return (if any) would he have to report the $37,468 as taxable COD income? (a) His federal tax return (Form 1040) (b) His California tax return (Form 540) (c) Both (a) and (b) (d) Neither (a) nor (b); federal and California law exclude forgiven student loan debt from gross income when the discharge is due to the borrower's death or disability.