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New 3 Question 13 of 75. Personal liability on a debt will be determined by whether: The taxpayer's liabilities exceed the value of their assets.

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New 3 Question 13 of 75. Personal liability on a debt will be determined by whether: The taxpayer's liabilities exceed the value of their assets. The lender can repossess or foreclose on property securing the debt. O Box 5 of Form 1099-C is checked. O Box 7 of Form 1099-C contains an amount. Mark for follow up

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