Question: Saved Help Save & Exit S Deb has found it very difficult to repay her loans. Because of these difficulties, the bank decided to forgive
Saved Help Save & Exit S Deb has found it very difficult to repay her loans. Because of these difficulties, the bank decided to forgive one of her most recent loans, an amount of $51500. After the loan was discharged, Deb had total assets of $299,000 and her remaining loans total $260,000. What amount must Deb include in her gross income? Multiple Choice $52,000 $51,500. $39.000 $12.500 Zero - Deb was not solvent when the loan was discharged
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