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To: Snowshoe who wrote (47035)3/2/2009 7:18:53 PM
From: energyplay  Read Replies (1) | Respond to of 219794
 
Maybe your friend can buy a house and get the $8000 tax credit to offset the tax on the forgiven debt.

I am not trying to be callous or flipant, but there are a lot of programs and deals and ways to offset things. Since his taxes will be paying for these programs the next 10+ years, might as well take advantage of them.