Does a S corp need to issue a 1099 to a shareholder for repayment of loan?

[Ladyalltheway]

If so, what type of 1099>

[Mike9241 · Accepted solution]

it is not issued for repayment. it does get reported, principal only,  on the shareholder's k-1 line 16 code E.  Only interest, if $600 or more, gets reported on a 1099-int

[M-MTax]

Mike's right....gets reported on the K1.......it affects the shareholder's basis.

[Ladyalltheway]

Thanks!  Just what I was hoping to confirm.