2 . On January 1 , Nick Smith's Aunt Betty canceled his outstanding debt of $ 1...

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2 .

On January

1,

Nick Smith's Aunt Betty canceled his outstanding debt of $

100, 000 .

Should Nick include the canceled outstanding debt in their gross income?

Posted Date: May 18, 2024 12:13 PM

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2 . On January 1 , Nick Smith's Aunt Betty canceled his outstanding debt of $ 1...

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