Does cosigner have to report 1099?

A cosigner typically does not need to report a 1099 form unless they have received income that is reported on that form. The 1099 is generally issued to individuals who have earned certain types of income, like interest or freelance payments. However, if the cosigner is not receiving income and is merely backing a loan, they are not responsible for reporting a 1099. Always consult a tax professional for specific guidance regarding individual tax situations.