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What is sc109?

sc109 is a tax form used to report income received from the cancellation of debt.

Who is required to file sc109?

Individuals and businesses who have had debt cancelled or forgiven are required to file sc109.

How to fill out sc109?

To fill out sc109, you need to provide information such as your name, address, Social Security number or Employer Identification Number, and the amount of cancelled debt.

What is the purpose of sc109?

The purpose of sc109 is to report the cancelled debt as taxable income to the IRS.

What information must be reported on sc109?

On sc109, you must report the amount of cancelled debt, the name of the creditor, and any applicable exclusions or exceptions.

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