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Version du 10 septembre 2026 à 23:36
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Unfortunately, no lender (including the SBA) has the ability to do such a product. Just like your employer is usually recommended to send a W-2 to you every year, a lender is necessary send 1099 forms for all borrowers who've debt forgiven. That said, just because lenders will be required to send 1099s does not that you personally automatically will get hit with a huge tax bill. Why? In most cases, the borrower can be a corporate entity, and an individual might be just an individual guarantor.
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