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Excluded from taxable income. Included in taxable income unless the borrower has filed for bankruptcy. Taxed at a reduced rate. Excluded from taxable income only

Excluded from taxable income. Included in taxable income unless the borrower has filed for bankruptcy. Taxed at a reduced rate. Excluded from taxable income only if the borrower meets a specific exception.

Excluded from taxable income.

Included in taxable income unless the borrower has filed for bankruptcy.

Taxed at a reduced rate.

Excluded from taxable income only if the borrower meets a specific exception.

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