<prompt> Human: I had over 120,000 in private student loans. Last year Navient offered to settle the loans for 19,000. Last month I made the final payment for the settlement. I assume I need to report the forgiven debt on my taxes this year, but I havent received any information from Navient regarding the exact total I need to report. Im using turbo tax to do my taxes on my own, so Im also not really sure where I would enter the forgiven debt. Also, am I naive to think that Ill still get any type of return with this forgiven debt?  <response>: Return? Do you mean refund? Youre including close to 100,000 of income that you havent paid a single cent of tax on. Depending on your other sources of income, I wouldnt be surprised if you owed somewhere around 30,000 - 40,000 on this. 