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State whether True or False and please be sure your answer is right, thank you. 7. Discharge of indebtedness by a non-gratuitous creditor is generally
State whether True or False and please be sure your answer is right, thank you.
7. Discharge of indebtedness by a non-gratuitous creditor is generally included in income of the debtor to the extent the discharge renders the debtor solvent. 8. Once an individual has an absolute right to income (compensation for example) the amount of the income must be included in the taxpayer's income. 9. Jury duty pay generally is included in gross incomeStep by Step Solution
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