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Business, 24.02.2020 23:25 kirstennnash

Deb has found it very difficult to repay her loans. Because of these difficulties, the bank decided to forgive one of her most recent loans, an amount of $47,000. After the loan was discharged, Deb had total assets of $240,000 and her remaining loans totaled $212,000.
What amount must Deb include in her gross income?

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