payments current 55,270. 009'S vent by $16,000. nsolvent by $18,500. Question 3 of 75. Does a taxpayer have taxable income from debt that was canceled in a decedent's will? No, but only if the amount of the canceled debt is not more than $14,000. In most cases, no, regardless of the amount canceled. O Yes, but only if the amount of canceled debt is less than $14,000. No, but only if the debt was recourse. OMark for follow up Question 4 of 75. as income because payments current 55,270. 009'S vent by $16,000. nsolvent by $18,500. Question 3 of 75. Does a taxpayer have taxable income from debt that was canceled in a decedent's will? No, but only if the amount of the canceled debt is not more than $14,000. In most cases, no, regardless of the amount canceled. O Yes, but only if the amount of canceled debt is less than $14,000. No, but only if the debt was recourse. OMark for follow up Question 4 of 75. as income because