Reporting Income from Debt Cancellation (2023)

Objectives:

After completing this course, you will be able to (1) identify the types of discharged debt that are excluded from income, (2) determine when discharged debt should be included in income, and (3) identify the amount of discharged debt to include in income.

Major Topics:

Introduction, Qualified Principal Residence Indebtedness, Reduction of Tax Attributes, Non-Principal Residence Property, Insolvency, Qualified Real Property Business Indebtedness, Student Loans

Prerequisite:

None

Additional Info:

Access the OnDemand Course:

• Login: Please login to the course at http://www.ficpa.org/gleimsso.
• Enter the OnDemand Course: Once logged, in, click on the Online CPE: Transcript button.
• Access the OnDemand Course: Click the Continue button next to the OnDemand title that you are registered for.
  

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