Page 46 - Other Income for Individuals
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Repayment of Cancelled Debt
Repayment
If you included a canceled amount in
your income and later pay the debt, you
may be able to file a claim for refund for
the year the amount was included in
income.
You can file a claim on Form 1040-X if
the statute of limitations for filing a
claim is still open.
The statute of limitations generally
doesn’t end until 3 years after the due
date of your original return.
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