Eviction: Filing 1099 For Forgiveness Of Debt

I read a tip somewhere that you should file a 1099 with the IRS for tenants that skipped out on rent and let them deal with their collectors.

Has anyone done this? Are there any drawbacks?

Comments(3)

  • dinndorf21st March, 2005

    feltman, have you done this before?

  • d_random13th April, 2005

    What kind of REI are you interested in? Flipping, buy and hold, etc?[ Edited by d_random on Date 04/13/2005 ]

  • vikingchild13th April, 2005

    If you are interested in Rehabbing-
    Buy It, Fix, It, Sell It, Profit by Kevin Meyers

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