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Get your taxes done using TurboTax
The interest income is definitely reportable, and taxable. I'd also think that the entity that PAID the interest would want to show that as an expense.
Do you typically issue tax documents for your real estate company?
*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
‎January 25, 2021
7:50 PM