Comment Comment by will_brown As I mention to a number of other comments...it simply depends on the accounting method.It can be waived (not treated as income at all as you say) or it can be treated as income (taxes paid) and the loss carried forward for future deduction. parent will_brown 7 years ago
It can be waived (not treated as income at all as you say) or it can be treated as income (taxes paid) and the loss carried forward for future deduction.