Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater,Biola University, where he received a bachelor of science in business and data ...
The amount of the forgiven debt is taxable income to you unless you qualify under one of the provisions that allows you to exclude the cancelled debt from income. If the debt was related to your primary residence and the loan funds were used only to purchase, build or improve your home,...