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1099 clarification


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Posted by survivor (66.156.191.164) on April 14, 2003 at 12:49:46:

when you settle on a debt for less than original debt, you get a 1099 on the remainder and that is considered income on your taxes, correct???

What about 1099s that you do not settle on?? A couple came in on my late husband...after I had the taxes done of course...will these be considered income as well?? no community property state here..thanks


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