Tax Rates Reflect Well-Being: Difference between revisions
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Revision as of 18:01, 18 October 2026
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That said, just because lenders will be required to send 1099s does not imply that you personally automatically will get hit having a huge tax bill. Why? In most cases, the borrower can be a corporate entity, and an individual might be just a personal guarantor. I realize that some lenders only send 1099s to the borrower. The impact of the 1099 relating to your personal situation will vary depending precisely what transfer pricing kind of entity the borrower is (C-Corp, S-Corp, LLC, etc).
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