irs rules
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?
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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