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I was forgiven $12,000 in student loan debt in 2021 by Navient, a private student loan lender. I read in the Publication 4681 that it is an exception to claim as income?
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Yes. Student loan cancellations between 2021 and 2025 are excluded from income (American Rescue Plan 2021). You do not report your form 1099-C on your tax return.
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