Question: personal liability on a debt will be determined by whether: 1 . box 5 pf form 1 0 9 9 - 1 0 9 9

personal liability on a debt will be determined by whether: 1. box 5 pf form 1099-1099-c is checked, 2. box 7 of form 1099-1099-c contains an amount, 3. the lender can repossess or foreclose property Securing the dwbt,4. the taxpayers liabilities exceed the value of their assets

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