grandmabee Posted March 23, 2015 Report Posted March 23, 2015 I have cancellation of debt on person residence from CA. Did CA not follow the change from federal where it is excluded from income? TIA Quote
kcjenkins Posted March 24, 2015 Report Posted March 24, 2015 https://www.ftb.ca.gov/law/legis/15_16bills/AB99_010815_021815.pdf It was extended through 2013. Last year it happened in June. Now there is a bill to extend it again. https://legiscan.com/CA/bill/AB99/2015 In other words, it's still not passed, so if the amount is significant, EXTEND EXTEND EXTEND. Quote
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