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 2021 Instructions for Forms 1099 a and 1099 C Instructions for Forms 1099 a and 1099 C, Acquisition or Abandonment of Secured Pr 2021

1099 C Cancellation of Debt Questions 2021-2025 Form

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Video instructions and help with filling out and completing 2021 Instructions For Forms 1099 A And 1099 C Instructions For Forms 1099 A And 1099 C, Acquisition Or Abandonment Of Secured Property And Cancellation Of Debt

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Instructions and help about 1099 c insolvency worksheet

good evening comrades here's the one I promised about the 1099c this one's going to be brief because there's not a whole lot to say that you can't find yourself by reading the uh uh by reading the the PDF that you can download from the IRS um the 1099c is cancellation of debt uh this is what what they do in foreclosure uh when you file a bankruptcy or you're foreclosed on what they're going to do is they're going to file 1099c to cancel the debt it's not really canceling the debt it's taking the money from your trust and finishing paying it foreclosure man is one of the biggest ripoffs that anybody can go through uh foreclosure if you think about it uh when when you uh get a house and you mortgage a house morg comes from Mor mortgage mortgage comes from morg okay uh it's over it's dead uh they call it a closing when at closing it's done you're done it's over it's paid

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