if a person files bankruptcy in the state of indiana, will they have to report it and get taxed on it?

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One Response to “if a person files bankruptcy in the state of indiana, will they have to report it and get taxed on it?”

  1. James D Says:

    A bankruptcy usually has no bearing on your tax return, since debts discharged by bankruptcy are not considered income in the way a discharge of debt outside of bankruptcy is. Unless you have a more complicated return, like one involving a business, it will probably not be a factor.

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