This earner of this badge will be able to discuss the tax consequences of foreclosures, repossessions, and abandonments and explains when cancellation of indebtedness must be included in income and when it can be excluded. Comprehensive examples of the reduction in tax attributes that must occur when cancelled debt is excluded from income. Bad debt deduction for business and nonbusiness bad debts.

• Type Certification
• Level Intermediate
• Time Hours
• Cost Paid