YOU MAY ISSUE A 1099NEC EVEN IF YOU ARE NOT REQUIRED TO ISSUE ONE !
While this SSCA covers cancelled debt its reasoning can apply to all information returns.
Swap 1099NEC for 1099C and their code sections.
https://www.unclefed.com/ForTaxProfs/irs-wd/1998/1998-020.pdf
CONCLUSION
Individuals or entities not required by section 6050P to file Form 1099-C may nevertheless voluntarily file such forms inappropriate circumstances.
The SSCA also says:
While the requirement to report discharges of indebtedness applies only to the entities described above, there is no specific prohibition in the Internal Revenue Code or the Income Tax Regulations that forbids the reporting of discharges of indebtedness by entities not required to report. Such reporting may encourage voluntary tax compliance and proper gross income inclusions
