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Inception

Inception Meme | MY STUDENT LOAN WAS JUST FORGIVEN.. A LOAN THAT ISN'T PAID BACK, IS BY DEFINITION A FINANCIAL GAIN, I.E. INCOME. AREN'T YOU REQUIRED TO PAY TAXES ON INCOME? | image tagged in memes,inception | made w/ Imgflip meme maker
154 views • 9 upvotes • Made by Jafo 12 months ago in politics
memesinception
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2 Comments
Jafo
2 ups, 12mo
"In general, if your debt is canceled, forgiven, or discharged for less than the amount owed, the amount of the canceled debt is taxable. If taxable, you must report the canceled debt on your tax return for the year in which the cancellation occurred."

https://www.irs.gov/taxtopics/tc431
lokiare
0 ups, 12mo
It's not a loan by legal definition. It's a scam.
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MY STUDENT LOAN WAS JUST FORGIVEN.. A LOAN THAT ISN'T PAID BACK, IS BY DEFINITION A FINANCIAL GAIN, I.E. INCOME. AREN'T YOU REQUIRED TO PAY TAXES ON INCOME?