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INCOME TAX

Internal Revenue Bulletin 2001-21 · 2026-10-03 edition · updated 2026-10-04 · United States

Ct. D. 2069, page 1191. Pass-thru of items to shareholders. The Supreme Court has concluded that excluded discharge of indebtedness is an “item of income” and is therefore subject to pass-through to shareholders under section 1366 of the Code. Gitlitz et al. v. Commissioner of Internal Revenue.

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▸Contents — Internal Revenue Bulletin 2001-21

Internal Revenue Bulletin 2001-21

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