Which of the following scenarios will result in cancellation of debt income being recognized as taxable?

1. $20,000 of credit card debt was cancelled when the taxpayer was insolvent by $16,00.
2. The debt was cancelled under a closed school discharge progam.
3. the deb t canceled was intended as a gift.
4. $20,000 of the credit card deb t was canceled when the taxpayer was insolvent by $26,000.