Difference between revisions of "How Does Tax Relief Work"
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Revision as of 13:44, 4 September 2026
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That said, just because lenders needed to send 1099s doesn't imply that you personally automatically will get hit by using a huge tax bill. Why? In most cases, the borrower can be a corporate entity, and are generally just a personal guarantor. I know that some lenders only send 1099s to the borrower. Effect of the 1099 in your own personal situation will vary depending on what kind of entity the borrower is (C-Corp, S-Corp, LLC, etc).
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