Lenders will not file Form 1099-C for forgiven PPP loans

Lenders will not file Form 1099-C for forgiven PPP loans

The IRS issued guidance telling lenders they should not file Form 1099-C, Cancellation of Debt, or furnish a payee statement to the borrower when a Paycheck Protection Program loan is forgiven.
Source: JOA News
Read More here – Lenders will not file Form 1099-C for forgiven PPP loans