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Home | July 2014News | For co-signers, IRS won't count forgiven debt as income

For co-signers, IRS won't count forgiven debt as income
For co-signers, IRS won't count forgiven debt as income
July 04, 2014
If you co-sign on a loan and the borrower defaults, you're on the hook for the debt, but if you reach a settlement, you shouldn't have to pay taxes on the forgiven amount
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