• Welcome to The Student Loan Debt Forum | The College Investor. Please login or sign up.

Show posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Topics - Hueylewisfan

If loan is forgiven, what is the figure used to calculate taxable income?  Does it include the principal only, or the principal and all accrued interest as well? 
Ex: unpaid loan amount = $10,000
    Interest amount over 22 years = $10000

Would all $20,000 be considered the forgiveness amount and therefor taxable as income?