Why is cancellation of debt considered gross income under Code 61(a)(11)? b. Discuss why there is a special provision that permits certain taxpayers to exclude specified types of cancelled debt (COD) income from gross income under Code 61(a)(11). c. Are all taxpayers or transactions treated in the same way under Code 08? If not, provide two examples of situations where taxpayers or transactions are treated differently under 108 depending upon whether the taxpayer is a corporation, individual, or other tax entity, or where the transaction warrants special treatment