Can I get a tax refund on loan forgiveness?
An example of an AI chatbot conversation about tax refunds related to loan forgiveness.
Can I get a tax refund on loan forgiveness?
It depends on the type of loan forgiveness you received. Some programs may qualify for tax refunds.
What types of loan forgiveness are tax-exempt?
Federal student loan forgiveness programs, like Public Service Loan Forgiveness, are generally tax-exempt.
What if I received a refund for my forgiven loans?
If you received a refund for forgiven loans, it may be taxable. It's best to consult a tax professional.
How do I report loan forgiveness on my taxes?
You typically report it using IRS Form 1099-C, which you should receive from your lender.
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