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Ebt you owe of $600 or more, this form must be provided to you. Generally, if you are an individual, you must include all canceled amounts, even if less than $600, on the Other income line of Form 1040. If you are a corporation, partnership, or other entity, report the canceled debt on your tax return. See the tax return instructions. However, some canceled debts are not includible, or fully includible, in your income, such as certain student loans, certain debts reduced by the seller afte.
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