Publication 4681 explains the federal tax treatment of: Canceled debts. Foreclosures. Repossessions. Abandonments. Current revision Publication 4681 PDF (HTML | eBook EPUB) Recent developments Changes to the 2021 Publication 4681 -- 01-MAR-2022 Other items you may find useful All Publication 4681 revisions Other current products Related items About Publication 225, Farmer's Tax Guide About Publication 334, Tax Guide for Small Business (For Individuals Who Use Schedule C) About Publication 523, Selling Your Home About Publication 525, Taxable and Nontaxable Income About Publication 536, Net Operating Losses (NOLs) for individuals, estates, and trusts About Publication 542, Corporations About Publication 544, Sales and Other Dispositions of Assets About Publication 551, Basis of Assets About Publication 908, Bankruptcy Tax Guide