26 U.S. Code § 108. Earnings from release of indebtedness
Subparagraphs (B), (C), (D), and e that is( of paragraph (1) shall perhaps perhaps not connect with a release which occurs in a name 11 instance.
Subparagraphs (C) and (D) of paragraph (1) shall perhaps perhaps perhaps not connect with a release towards the degree the taxpayer is insolvent.
Paragraph (1)(B) shall perhaps maybe not connect with a discharge to which paragraph (1)( E) applies unless the taxpayer elects to utilize paragraph (1)(B) in place of paragraph (1)(E). Read more →