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received 1099c for non recourse loan on rental property
my client received a 1099C for a rental property he owned and sold at a short sale, it was in California (he lives in California also) where all original loans are non recourse loans. The client never refinanced. The client is not insolvent. (1) was this an incorrect sending of a 1099C - one that shouldn't have been sent - if so how would you...
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