Personal liability on a debt will be detrmined by vJhether _________ a.Box 5 of Form...
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Accounting
Personal liability on a debt will be detrmined by vJhether _________
a.Box 5 of Form 1099-C is checked.
b. Box 7 of Form 1099-c contains an amount.
c. The lender can repossess or foreclose property securing the debt.
d. The taxpayer's liabilities exceed the value of their assets.
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