I received a 1099c for a personal loan that i am using for a buisness, does this qualify as a non-personal debt?

jpsfeir · ‎June 1, 2019

WillK · ‎June 1, 2019

If the loan was in your name and you used your information to secure it, the it would be considered personal debt. If the loan was taken out in the business name with the business information to secure it, then you consider it a non-personal debt.

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WillK · ‎June 1, 2019

If the loan was in your name and you used your information to secure it, the it would be considered personal debt. If the loan was taken out in the business name with the business information to secure it, then you consider it a non-personal debt.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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I received a 1099c for a personal loan that i am using for a buisness, does this qualify as a non-personal debt?