Ding ding ding
Forgiven debt is taxable.
Full employment for the IRS.
They don’t “forgive” debt.
I predict the Dept of ED will work with the IRS to change what is considered taxable income.
They already have been doing so for the last few years and less and less student loan forgiveness (which already existed in the federal regulations for several reasons such as disability, closed school, borrower defense) is now taxable.
Something for the 87,000 new agents to get cracking on.