In 2011 marie borrowed 10000 in 2016 the debt was forgiven, Finance Basics

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In 2011 marie borrowed 10000 in 2016 the debt was forgiven

Question: In 2011, Marie borrowed $10,000. In 2016, the debt was forgiven. Marie does not believe she should report the forgiveness of debt as income because she received nothing at the time the debt was forgiven in 2016. What amount of income Marie should record in her tax return in relation to debt forgone?

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Finance Basics: In 2011 marie borrowed 10000 in 2016 the debt was forgiven

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Finance Basics: In 2011 marie borrowed 10000 in 2016 the debt was forgiven

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