Number: RL34212
Title: Analysis of the Proposed Tax Exclusion for Canceled Mortgage Debt Income
Authors: Mark P. Keightley, Government and Finance Division; Erika Lunder, American Law Division 
Abstract: This report begins with an overview and analysis of the historical tax treatment of canceled debt income. Next, the changes enacted by P.L. 110-142 and P.L. 110- 343 are discussed. A discussion of policy options concludes.
Pages: 12
Date: October 8, 2008