Thread: Money What would you do?
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Old 08-22-2011, 09:37 PM   #3
DaFace DaFace is offline
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Join Date: Aug 2005
Location: Donkey Land
Casino cash: $-1683101
Quote:
Originally Posted by Saul Good View Post
It's almost certainly either debt forgiveness or straight income. Both of those are taxable.
Yeah, you could be right. Still, it seems odd that a tax-supported program would be taxable. For example, we took advantage of the $8k tax credit for our house a few years back, and the $8k was NOT taxable.
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