Do I have to pay taxes on debt settled through negotiations?

Related FAQs

Are there any tax implications of debt settlement?
Is there any way to expedite the debt settlement process?
What is the average debt settlement amount?
What documents do I need to provide during a debt settlement process?
How quickly can I expect to see results from a debt settlement?
How will I know if the debt settlement negotiations are successful?
What is the difference between debt negotiation and debt settlement?
What is a deemed satisfaction and how does that apply to debt settlement?
Are there any potential risks if I choose not to settle my debts?
Are there any programs offering debt settlement help?

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