Government Tax Deed Sales: Difference between revisions

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Latest revision as of 23:30, 2 October 2026

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I've had clients ask me to test to negotiate the taxability of debt forgiveness. Unfortunately, no lender (including the SBA) has the strength to do such to become a thing. Just like your employer is usually recommended to send a W-2 to you every year, a lender is necessary send 1099 forms to all borrowers have got debt understood. That said, just because lenders needed to send 1099s does not that you personally automatically will get hit by using a huge government tax bill.

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