J Question 16 of 100 M Ella's main home was foreclosed in 2021. Ella received Forms 1099-C reporting the following amounts of canceled debt - $10.000 in acquisition debt. - $5,000 of a home equity loan. Ella used the funds from this loan to purchase a new car How much of this cancellation of debt is excludable from Ella's 2021 income under the qualified principal residence exclusion? O 50 The qualified principal residence exclusion does not apply to debt canceled in 2021 O $5,000 $10,000 O $15,000 Mark for follow up Back Save / Return Later Summary Next