Whitch of the following statements is correct with respect t
Whitch of the following statements is correct with respect to the exclusion of a student of a students loan by a qualified institution under IRC §108? A TC&JA eliminates the exclusion if a student is lotally and permanently disable B TC&JA makes the forgiveness amount subject to wege withholding rates. C TC&JA makes the forgiveness amount excludeible if the student dies D TC$JA makes the repayment amount received under the National Health Service Corps repayment program include Lee in gross income
Solution
Option C TC&JA makes the forgiveness amount excludeible if the student dies as per IRC Section 108
