The Tax Benefits Of Real Estate Investing: Difference between revisions
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Revision as of 20:55, 27 September 2026
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I've had clients ask me attempt and to negotiate the taxability of debt forgiveness. Unfortunately, no lender (including the SBA) features to boost to do such an issue. Just like your employer is required to send a W-2 to you every year, a lender is vital to send 1099 forms for all borrowers who've debt pardoned. That said, just because lenders will need to send 1099s doesn't mean that you personally automatically will get hit along with a huge goverment tax bill.
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