sjrcpa
Level 15
10-07-2023
09:48 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You can exclude from taxable income COD to the extent the taxpayer is insolvent. The 982 is informational and does not link to/automatically exclude from the tax return.
If the COD is not taxable, don't enter it as other income.
The more I know the more I don’t know.