HELOC - 1099 - Primary Residence

[IOU]

In a few scattered areas within this forum and others I have seen people comment on the fact (or their belief) that a 1099 will not be issued (or rather you won't be taxed on the 1099) for a HELOC if it is / was your primary residence. Does anyone have any actual first hand knowledge on whether or not this is accurate?

Thanks.