Loan Modification
Loan Modifications - Have a client who is having the principal amount of their loan reduced by $300,000 - I am completely brain [removed] - what do we do with it? Will they receive a 1099C?
Loan Modifications - Have a client who is having the principal amount of their loan reduced by $300,000 - I am completely brain [removed] - what do we do with it? Will they receive a 1099C?

The Client will brain fart also when they report the income