Assertion: debt discharge | /r/HasSubevent | taxable income
Facets:
value: to the debtor
type: TRANSITIVE-OBJECT
value: often
type: TEMPORAL
Source sentences:
text: Debt discharge often results in taxable income to the debtor unless the forgiveness is a gift or bequest, but some bankruptcy discharges can be exempt from taxability if the debtor meets the requirements for filing form 982 with the IRS.