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Revision as of 11:45, 14 September 2026


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Unfortunately, no lender (including the SBA) is able to do such to become a thing. Just like your employer ought to be needed to send a W-2 to you every year, a lender is instructed to send 1099 forms to every borrowers in which have debt forgiven. That said, just because lenders are required 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 often a corporate entity, and tend to be just an individual guarantor.

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