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to exclude cancellation of debt from taxation the debtor must have a zero net worth on what date? 1) the day before the cancellation of

to exclude cancellation of debt from taxation the debtor must have a zero net worth on what date? 1) the day before the cancellation of debt. 2) the day after cancellation of debt. 3) the year immediately before the cancellation of debt. 4) the year immediately after the cancellation of debt.

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