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Revision as of 12:39, 22 September 2026
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Just like your employer is required to send a W-2 to you every year, a lender is needed send 1099 forms to all or any borrowers who have debt pardoned. That said, just because lenders will need to send 1099s doesn't suggest that you personally automatically will get hit by using a huge goverment tax bill. Why? In most cases, the borrower is a corporate entity, and an individual might be just a personal guarantor.
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