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Question: in which case will stanley and bonita be able to...

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In which case will Stanley and Bonita be able to exclude all income from their canceled debt?
1. The taxpayer received a Form 1099- C with     15,400 in box 2 and $12,700 in box 7, and they were insolvent by $3,200.
2. A taxpayer had a debt of $4,500 canceled. Prior to the debt, they were insolvent by $3565.
3. A taxpayer had $14,800 of debt canceled. Prior to the cancellation, they were insolvent by $21,300.
4. A taxpayer had a debt of $9,725 canceled. Prior to the debt, they were insolvent by $9,000.

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