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Cancelled Debt Flyer

Lost your home to foreclosure? Resolved a different debt problem? This brief brochure  explains that you may not have to pay income tax on cancelled debts such as foreclosure, bankruptcy  or insolvency. It also explains the steps you need to take to reduce your taxes.

More information is available in the brochure published by Legal Aid:  Cancelled Debt Brochure.

This information is also available in Spanish at:  Cancelada.

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