If I don’t have to pay income tax on my forgiven mortgage debt, why did I get a 1099 form?

If I don’t have to pay income tax on my forgiven San Diego home mortgage debt, why did I get a “Debt forgiveness” 1099 form? We are not tax professionals and cannot give tax advice, but we can tell you the short answer: Because the IRS requires it. Most San Diego homeowners know that under the terms of the...

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