Can anyone help me make sense out of why you would pay taxes on debt relieved in settlement when you were never allowed to write off debt interest on anything other than your home ? This seems kind of stupid. For that matter, why can't credit debt interest be written off ? That is alot of money being pumped out to the economy...........if you pay it that is.
It is called the tax laws. Write your congress critter and demand a change.
Not a logical law.........welcome back, hadn't seen any posts from you last couple of days.
