--71.114.xx.xx

Remember they will only pay taxes and maybe penalties and interest on the amount, not the entire amount. --173.18.xx.xxx

I only sued on small debts when I was sued for keeping deposits and could just counter sue. I got better at people over time and no tenant in the last decade has been an issue. --162.204.xxx.xxx

thank uou --71.114.xx.xx

Another practical consideration: as the filer, your SSN or EIN has to appear on the form, and unlike the recipient’s, it’s not allowed to be truncated on any copy. That’s hardly information I’d want to share with a defaulting tenant. --76.81.xxx.xx

--162.204.xxx.xxx

--162.204.xxx.xxx

Banks are not mean spirited about this. Perhaps that money was used for a good purpose like curing Cancer, then again it could also been used for gambling or drugs --174.131.xxx.xxx

I have never seen a case where an individual ever got a letter for not reporting a 1099c from a landlord. Only letters from credit card companies and banks. --98.34.xx.xxx

Marv 1099-C MUST be filed by banks, but CAN BE filed by individuals. --173.18.xx.xxx

I'm filing the 1099-C code G on the "roommates" who left about $2144 worth of damages above and beyond the security deposit. I would never see the money if I got a judgement so it's the next best thing. --64.246.xxx.xx

If I am filing one of these, realistically, I am admitting that one or more of my systems failed. I see a huge opportunity to prevent this from happening again. Profit margins just are not that big to afford to make these mistakes repeatedly --174.131.xxx.xxx

--71.174.xx.xx

1099NEC is the wrong form and depending on the amount you reported may have been a felony. --98.34.xx.xxx

FYI This tenant makes $110,000 per year. She's a director of a program at the Urban League providing housing to the homeless. She knew every trick in the book. When she left she owed me $30,000. Mediation is mandatory in DC so I agree to forgive $10,000. I am 80 years old been in this business 40 years and this never happened before. I decided to let a Property Manager handle this and that was my mistake. I didn't work a job that gave retirement so rentals and a small Social Security check was my income. I had 3 rentals now I'm down to 2 because I had to move back into this one. Upon investigation she had done this to 2 landlords before me. It didn't come up in the DC Court case file until after my filing. She owes the 1st company $106,000, the 2nd $35,000 and me $30,000. The 2nd company is still trying to get the Urban League to honor his garnishment. --71.114.xx.xx

FYI This tenant makes $110,000 per year. She's a director of a program at the Urban League providing housing to the homeless. She knew every trick in the book. When she left she owed me $30,000. Mediation is mandatory in DC so I agree to forgive $10,000. I am 80 years old been in this business 40 years and this never happened before. I decided to let a Property Manager handle this and that was my mistake. I didn't work a job that gave retirement so rentals and a small Social Security check was my income. I had 3 rentals now I'm down to 2 because I had to move back into this one. Upon investigation she had done this to 2 landlords before me. It didn't come up in the DC Court case file until after my filing. She owes the 1st company $106,000, the 2nd $35,000 and me $30,000. The 2nd company is still trying to get the Urban League to honor his garnishment. --71.114.xx.xx

Yikes 1099-NEC is for Non-employee Compensation (contractor) not for forgiven debt (1099-C.) --72.82.xx.xx

That is horrible. But your story screams process improvement. I am sure you believe you can't afford to get trained or perhaps you have been doing this too long to get trained. Honestly ask yourself - Can you afford to have this happen again? --67.140.xx.xxx

I am ready to receive process improvement. Do you have any suggestions. Sincerely Detra --71.114.xx.xx

I am ready to receive process improvement. Do you have any suggestions. Sincerely Detra --71.114.xx.xx

Went to the next convention and am patiently awaiting the time and location for the following one. --71.46.xxx.xx

Both Mike Butler and Jeffery Taylor will teach you more than enough to justify the cost of the training. You and maybe a grandchild should attend --67.140.xx.xxx

This could happen to any of us if they had great credit and nothing on the reports. I’ve never seen it as I usually find a flaw but as a general rule when people work in the “business” I check more carefully. --162.204.xxx.xxx

Wait if she owed that much money there had to be judgements on her credit report. --162.204.xxx.xxx

--71.46.xxx.xx

Even 20 years ago I didn’t have that same faith but that may have to do with my personal experience so I was checking credit from start. I did get much more strict with it over time. --162.204.xxx.xxx

It wasn't so much faith in humanity as not knowing what I didn't know. --71.46.xxx.xx

I would never rent to a director of any agency that has anything to do with low income housing. --64.246.xxx.xx