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Personal Finance and Investing

forgotmylogin

(7,723 posts)

4. Just be aware of it.

Reply to underpants (Reply #3)

Sun Mar 7, 2021, 06:22 PM

Mar 2021

I got my debt settled and a large portion forgiven. I wasn't aware the first year in 2019 and the IRS sent me a bill for $600 I owed on it. I made sure the next year when the last card got cancelled that I accounted for it and paid up front.

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Unwelcome tax surprises may await those with debt [View all] question everything Mar 2021 OP

The only thing different about this year is some people may've paid less tax-deductible interest Hugh_Lebowski Mar 2021 #1

Taxes on Cancelled Debt or Unemployment Benefits are Not New Rules n/t Indykatie Mar 2021 #2

I didn't know about the forgiven debt as taxable income underpants Mar 2021 #3

Just be aware of it. forgotmylogin Mar 2021 #4