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Robb

(39,665 posts)
10. If StrikeDebt does not report the forgiven debt as a loss
Mon Dec 3, 2012, 11:55 AM
Dec 2012

The tax implications on StrikeDebt are interesting to consider.

The debt is either forgiven or paid; if forgiven, the debtor has a tax liability. If paid, the owner of the debt does.

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