Re: Clarification on 1099

Posted by Henry_CA on June 25, 2007 at 17:22:25:

In Reply to: Re: Clarification on 1099 posted by NJD on June 25, 2007 at 13:53:35:

Good point, but I have not seen any tax code addressing weather the homeowner is required to report a lenders short pay as income other than when the homeowner agrees to the lender issuing a 1099. Have seen tax payers report real estate losses.

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