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The purpose of the Exclusion for Qualified Principal Residence Indebtedness is to provide tax relief on canceled debt for many homeowners involved in a mortgage
The purpose of the Exclusion for Qualified Principal Residence Indebtedness is to provide tax relief on canceled debt for many homeowners involved in a mortgage foreclosure. Taxpayers can exclude from their taxable income any mortgage debt canceled in which of the following years? Question 47Select one: a. 2018 through 2021 b. 2018 through 2025 c. 2017 through 2024 d. 2018 through 2020
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