Paul L. Caron

Saturday, December 18, 2021

Break Into Tax: The Federal Income Tax Treatment of Debt

Learn or review how the federal income tax treats debt. This video covers the basics of (1) the tax consequences of borrowing and repayment, (2) cancellation of indebtedness, (3) the tax treatment of debt used to acquire property, and (4) the tax treatment of debt relief when disposing of property. Professor Lederman & Dean Stephen Mazza co-host. They also discuss the difference between "recourse" and "nonrecourse" debt. Watch until the end for Dean Mazza joking around/outtakes!

TaxProf Blog coverage of Break Into Tax videos:

Legal Education, Tax | Permalink