Government Tax Deed Sales: Difference between revisions
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Revision as of 19:47, 5 March 2025
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In previously mentioned scenario, just saved $7,500, but the internal revenue service considers it income. When the amount has ended $600, then creditor essential to send you with a form 1099-C. How will it be income? The internal revenue service considers "debt forgiveness" as income. How exactly can a person receive out of increasing your taxable income base by $7,500 with this settlement?
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