Lawanda has been making payments on her federal student loan on an income-based repayment plan for the last 22 years under the terms of her playing the remaining balance will be forgiven after another three years of payments in 2024 under law application for tax year 2020 through 2025 how well her loan forgiveness be treated on her federal tax return.

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Q: Please answer with explanation. I will really upvote.

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