I borrowed a loan from them in 2021, due to Covid reducing my business greatly. I am requesting them to send me a bill vs. an electronic payment, which is what I do now. Does anyone know if this can be paid with a 1099-A? I have yet to see if they send a coupon with the paper statement. Thanks.
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The 1099-A process is a means to access the funds from the public trust for the benefit of the beneficiary. It is not to be used for business or business purposes.
I appreciate the clarification.
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