Intuit Accountants Community
:
Industry Discussions
:
Tax Talk
:
Re: Cancellation of Indebtedness Income? Or not?
sjrcpa
Level 15
12-09-2020
05:44 PM
Mark as New
Bookmark
Subscribe
Permalink
Print
Report Inappropriate Content
Unless the corporation is insolvent, I don't see why it would not be taxable.
Ex-AllStar
5
Cheers
