Health
He Cosigned a $23,000 Loan to Help His Stepbrother. The Default Left Him With a Tax Bill He Never Saw Coming.
Raymond Dupree cosigned a $23,000 loan for family. After a default and a 1099-C, the…
cosigned loan tax consequences
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Health
A Detroit Bus Driver Cosigned a $17,500 Loan in Good Faith — Then Came a Tax Bill for Money She Never Received
According to IRS Publication 4681, canceled or forgiven debt is generally treated as ordinary taxable…