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Revision as of 22:02, 9 October 2026
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Just like your employer ought to be required to send a W-2 to you every year, a lender is were required to send 1099 forms to every borrowers have got debt forgiven. That said, just because lenders are anticipated to send 1099s does not mean that you personally automatically will get hit along with a huge government tax bill. Why? In most cases, the borrower is really a corporate entity, and the just an individual guarantor.
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