Their lawyers said it wouldn't be an issue, IIRC. I don't know the details. | Hacker News

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		saraid216 on Nov 12, 2013 \| parent \| context \| favorite \| on: Occupy Wall Street activists buy $15m of Americans... Their lawyers said it wouldn't be an issue, IIRC. I don't know the details.

byoung2 on Nov 12, 2013 [–]

http://www.irs.gov/publications/p4681/index.html#en_US_2013_...

In most cases, you do not have income from canceled debt if the debt is canceled as a gift, bequest, devise, or inheritance.

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