1120-US: Section 108(i) income included in taxable income (FAQ)

Alerts and notices
Leave feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.

Characters left:

MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to transmit e-files from CS Connect. Find out more.


Why is Section 108(i) income included in taxable income this year?


Taxpayers that elected to defer Cancellation of Debt (COD) income from 2009 and 2010 under Section 108(i) must include the previously deferred income ratably over a five-tax-year period beginning with the 2014 tax year.

Related topic: 1120-US: Deferring cancellation of debt income under Section 108(i) FAQs

Share This