BobKamman
Level 15
02-15-2022
09:22 PM
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What kind of debt? Was the wife also liable? Did the husband leave an estate? Was it solvent? For a basic discussion, see
https://www.taxcpe.com/blogs/news/cancellation-of-debt-of-a-decedent
I don't see a distinction between "income" and "taxable income," but words don't matter, just taxes.