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VUIUU UI UU UUU UU nas lulal llavines UI 1.UUU. Mark for follow up Question 12 of 75. No taxable income is recognized from cancellation

VUIUU UI UU UUU UU nas lulal llavines UI 1.UUU. Mark for follow up Question 12 of 75. No taxable income is recognized from cancellation of debt when the Taxpayer was solvent prior to the cancellation of debt. Canceled debt was recourse debt. Canceled debt was for the taxpayer's second home. Cancellation of debt was intended as a gift. Mark for follow up

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