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April 2, 2025
Question

Student Loan

  • April 2, 2025
  • 1 reply
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 I also received a discharge student loan 1099-c form.  What is the status in New Jersey?

1 reply

April 2, 2025

For Income Tax (GIT) purposes, cancellation of debt (COD) or forgiveness of debt income is not subject to tax. For example, student loan debt forgiveness. Do not include COD or forgiven loan amounts on an Individual Income Tax return.

NJ Treasury

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