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Avoiding income on bad-debt write-off of subsidiary's loan.Help Sept 1989 Avoiding income not have to recognize income on the forgiveness of debt due to its insolvency. Thus, the debt forgiveness would
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Avoiding income on bad-debt write-off of subsidiary's loan. would be increased by the amount of the debt forgiven, even though it did not have to recognize income on the forgiveness of debt due to its insolvency.
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