D – Debt waiver

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This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

End of attention

If an employee is in debt to you and you release the employee from the obligation to repay the debt, the unpaid amount is a debt waiver fringe benefit. Show the amount of this kind of benefit at item D.

A debt owed by an employee that you write off as a genuine bad debt is not a debt waiver fringe benefit.