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Revision as of 23:47, 15 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 each borrowers which debt pardoned. That said, just because lenders needed to send 1099s does not that you personally automatically will get hit using a huge government tax bill. Why? In most cases, the borrower is often a corporate entity, and you are just an individual guarantor. I am aware that some lenders only send 1099s to the borrower.
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