Question: Peter, age 52, is using the filing status Married Filing Separately. He received a 2022 Form 1099-C forcanceled mortgage debt.What is the maximum amount, if

Peter, age 52, is using the filing status Married Filing Separately. He received a 2022 Form 1099-C forcanceled mortgage debt.What is the maximum amount, if any, that can Peter exclude as principalmortgage debt forgiveness?a) $1,000,000b) $ 750,000c) $0d) $ 375,000

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