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Intra Family Mortgage
My husband and I (retired) financed (or refinanced ) a home already owned by my daughter and her husband Jan 1, 2023. They have paid us interest for 2023 over $5000. My question is: Do they need to send us a 1099-int? If not, do they need to send us any form? I know the interest will have to be reported on our 1040.
If someone can give an accurate but simple answer, I would appreciate it. Thank you in advance.
‎January 30, 2024
9:25 AM