well, since im settling my debts with b of a im getting a 1099-c form for the rest of the 20,000.00.
i was reading up and it says something to the affect of that if your assets are not more then your debts that you can consider yourself insolvant and not pay taxes on the "earned income".
since i have no assets but my car (paid off and needed) and im only claiming around 8 grand this year becuase i hardly worked can i file as insolvant?
im gonna have a tax man do my taxes for me, but i want to make sure this is a good possibility ahead of time.



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