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Get your taxes done using TurboTax
You would indeed include the interest income as though you received a 1099-INT. You can fill that out a 1099-INT for the interest even though you didn't receive one. It doesn't matter as long as you claim the interest. Remember when the note matures to add any interest claimed in that or any prior year as an addition to cost basis.
‎June 3, 2019
1:08 PM