Question 13 of 75. Each of the following is considered on the insolvency worksheet EXCEPT: O The value of a pension plan The assets exempt from bankruptcy The separate assets of a spouse when fling jointly O The exempt assets beyond the reach of creditors Mark for follow up Question 14 of 75. Mark for follow up Question 17 of 75. No taxable income is recognized from cancellation of debt when the O Canceled debt was recourse debt O Canceled debt was for the taxpayer's second home. O Cancellation of debt was intended as a gift O Taxpayer was solvent prior to the cancellation of debt Mark for follow up Back Save / Return Later Summary Next >>