Yeah, the THECB basically just told me to kick rocks and they're not wrong, even though I could simply articulate why a 1099-NEC doesn't apply.
Very difficult to get through to the IRS this time of year, especially for general questions. The issue with 1099-NEC, is as teachers - not only would we now have to file as self-employed, pay fed taxes on the forgiven amount, but also pay self-employment tax on the forgiven amount (about 15% tax). So, we're talking easily 40-50% tax on the forgiven amount.
