Do I get 1099 if I get a principal reduction from my mortgage company? Answer: Yes. This is called cancellation of debt and you will almost certainly get a 1099-c. Please check with your accountant or tax expert on the exact consequences.
Las Vegas Real Estate Agent - Tania Michaels
702-675-8211 http://MichaelsTeam.com
702-675-8211
Reviews on Zillow
3311229 
5.0/5.0
"Tania was very professional and helpful. She was supported by a great team of people. I was pleased with the way they photographed and marketed my ... more "
5.0/5.0 by bagleylv
3309525 5.0/5.0
"Very helpful, team attitude. Confidence to sell our home. Worked for our best interest. Easy process of listing, selling, and closing. Tania cane with ... more "
5.0/5.0 by sankadog20004
3223140 5.0/5.0
"Are you looking to sell your house or buy another one? We highly recommend that you call Tania Michaels. She and her team will get the job done right ... more "
5.0/5.0 by zekecaz
Information
All data is deemed reliable but is not guaranteed accurate by Tania Michaels. See Terms of Service for additional restrictions.
All information regarding a property for sale, rental, taxes or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, prior sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.
IMPORTANT GOVERNMENT DISCLOSURE: You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender (or servicer). If you reject the offer, you will not have to pay us for our services. The above brokerage is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. Focus Commercial Group and Tania Michaels are not attorneys or CPA’s.
For tax or legal advice, please seek a professional in those areas.
All information regarding a property for sale, rental, taxes or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, prior sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.
IMPORTANT GOVERNMENT DISCLOSURE: You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender (or servicer). If you reject the offer, you will not have to pay us for our services. The above brokerage is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. Focus Commercial Group and Tania Michaels are not attorneys or CPA’s.
For tax or legal advice, please seek a professional in those areas.