Back to top


Click here to go back

Taxability of Debt Discharge

Posted by Kevin S. Matthews Posted on Jan 12 2020

Did you have your credit cards discharge last year? Have you gone through a foreclosure, short sale, or other form of that discharge on your primary residence? Do you have a business that they had to get canceled?

This video goes over the tax consequences of that discharge and how it can impact your taxes this year. It also goes through some ramifications and remedies that can take place as a result of this process.