rambem
Level 3
02-27-2021
06:55 AM
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I have seen threads here that address this issue, but have conflicting information. Some believe yet-to-be forgiven loans remain a liability on the tax return, while others say that it is considered tax-exempt income. I have seen no guidance from the IRS yet. Has anyone seen anything set in stone on this or are extensions the only option at this point?
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