Hansen bought his primary residence on 1/1/2010 for $400,000. He put $50,000 of his own money as the down payment, and borrowed $350,000 from a bank for the remainder of the purchase price. On 1/1/2022, he was laid off from his job, and he could not make his mortgage payments. On 3/30/2022, the bank foreclosed on the house, and took the house back from Hansen. On 3/30/2022, the house was worth $150,000, and he owed $300,000 to the bank. The bank sold the house for $150,000 which the bank used to pay off half of the $300,000 that Hansen owed. The bank forgave the remaining $150,000 that Hansen owed the bank, pursuant to the foreclosure. In 2022, how much taxable income does Hansen recognize from the bank forgiving the home loan to Hansen? 

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