KPMG report - Section 108(e)(2) and debt that would give rise to basis 

July 15: Does the cancellation of debt that would have given rise to basis, but was too contingent to do so, give rise to cancellation of indebtedness income when cancelled?

A KPMG report suggests that it would not.


Read a July 2013 report [PDF 281 KB] prepared by KPMG LLP: KPMG’s What’s News in Tax: Section 108(e)(2) and Debt That Would Give Rise to Basis




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