cancellation of debt incmoe

cancellation of debt incmoe

Forum topic posted in Forum on 6 October 2011| comments
audience: | last updated: 7 July 2012
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Rick Huff's picture
Joined: 01/20/2000
Points: 0

With a charitable lead trust - beneficiaries receive note after trust terminates and they are the lenders.

Can they "cancel" the note with no issues of "Cancelltion of Debt" income?

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