S Corp debt discharged in bankruptcy

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  • Hamacher
    Senior Member
    • Jun 2006
    • 180

    #1

    S Corp debt discharged in bankruptcy

    I have a client that filed bankruptcy and as a result there was some debt that was discharged from the S Corporation. Does this get treated as income?

    Thanks in adance for the help.
  • veritas
    Senior Member
    • Dec 2005
    • 3290

    #2
    I would start

    with form 982.

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