I have a couple of questions regarding forgivable loans.Short story: I took position in mid 2011 as rep with branch office of an independent B/D. The guy running firm is very very bad news from an ethics standpoint.... and I am planning my exit.I took a small forgivable loan of 17K, that is forgivable over 5 years based upon certain production requirements being met. My plan has been to write a check back to the branch and walk away.Today, I received a 1099 for the entire 17k. Question....is this generally how these loans are handled? Seems that the portion forgiven each year would be considered taxable....but not 100% in year one. Is anyone on this forum familiar with this area.Also, if the entire amount is considered income in year one, would that not mean there is no more note??Finally, and here is the legal question, can a branch manager (OSJ) of an independent firm do anything to damage a reps U4 or would that have to come from the B/D.Thank you in advance for anyone willing to take their time to offer their thoughts.