President Biden has indicated support for forgiving $10,000 of student loan debt per borrower. Generally speaking, this would require Congress to pass a new law allowing for such (though, the COVID relief bills included a provision to make student loan debt forgiveness tax free for several years—but it is not permanent).

There are consequences for such acts, however. Under current law, for example, debt forgiveness must be included in taxable income.

Find the tax law that requires the amount of debt forgiven to be included in gross income (note: this question is asking about debt in general, not student loan debt specifically). Give the specific law section (for example, Sec. 123(d)(13)) and copy/past the relevant text in the document you submit.