I have emailed MN a few times for the answer to a question, with no response. I have read the MN instructions over and no solution to my question.
Taxpayer received Cancellation of Credit Card Debt while a MN resident and after leaving MN.
They are not insolvent, so it is federally taxable.
Is the cancellation of credit card debt while a MN resident taxable to MN? I think it is, but other opinions would be great.
Is the cancellation of credit card debt after leaving MN, taxable to MN? I don' think it could be, but other opinions would be great.
Thanks!
Taxpayer received Cancellation of Credit Card Debt while a MN resident and after leaving MN.
They are not insolvent, so it is federally taxable.
Is the cancellation of credit card debt while a MN resident taxable to MN? I think it is, but other opinions would be great.
Is the cancellation of credit card debt after leaving MN, taxable to MN? I don' think it could be, but other opinions would be great.
Thanks!