Page 43 - Other Income for Individuals
P. 43
Cancelled Debt
Understanding other income is required for tax filing.
Speak with us if you
need help in filing
taxes. Verify your tax
statements for other
income inclusion.
You must include the
canceled amount in
your income.
If your financial
institution offers a
discount for the early
payment of your
mortgage loan, the
amount of the discount
is canceled debt.
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