| http://www.w3.org/ns/prov#value | - As another commenter said, there are exceptions to the requirement that you pay taxes on forgiven debt, and if you are unemployed and have no assets other than a 401(k) or IRA, you may qualify. (Basically, if you are insolvent and were incapable of repaying the debt that has been forgiven, then it may not be considered taxable income to you.)
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