I loaned a business $100,000.00 with a written agreement and interest at 8.75%. How do I report the quarterly interest payments I am receiving from that business?
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I loaned a business $100,000.00 with a written agreement and interest at 8.75%. How do I report the quarterly interest payments I am receiving from that business?
I loaned a business $100,000.00 with a written agreement and interest at 8.75%. How do I report the quarterly interest payments I am receiving from that business?
In the same manner as if you received a 1099-INT.
If this was a business arrangement, the business should send you a tax reporting document.