This publication explains the basic federal income tax aspects of bankruptcy. Current revision Publication 908 (Print version PDF | eBook EPUB) Recent developments None at this time. Other items you may find useful All revisions for Publication 908 About Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment) About Form 1040, U.S. Individual Income Tax Return About Form 1040-X, Amended U.S. Individual Income Tax Return Other current products Related publications About Publication 225, Farmer's Tax Guide About Publication 525, Taxable and Nontaxable Income About Publication 536, Net Operating Losses (NOLs) for individuals, estates, and trusts About Publication 538, Accounting Periods and Methods About Publication 544, Sales and Other Dispositions of Assets About Publication 551, Basis of Assets About Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments (For Individuals)