The Tax Benefits Of Real Estate Investing: Difference between revisions
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Revision as of 12:11, 11 September 2026
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I've had clients ask me try to to negotiate the taxability of debt forgiveness. Unfortunately, no lender (including the SBA) to enhance to do such a thing. Just like your employer is to send a W-2 to you every year, a lender is vital to send 1099 forms to every borrowers in which have debt pardoned. That said, just because lenders will be required to send 1099s does not that you personally automatically will get hit along with a huge government tax bill.
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