Correct
No 1099-INT needs to be filed by either of you.
IF RECEIVING THE INTEREST, simply claim the amount of interest received in 2021.
Enter that under
Income
Interest and Dividends
Interest on 1099-INT (even when you don't have one)
Enter the name of the individual and the interest received.
IF PAYING THE INTEREST
Since this was a personal loan and not considered Mortgage Interest, there is no need for the Payer to report. This would be similar to Credit Card Interest.
Even if the loan was used to make house payments, unless the loan is secured by the property, it would not qualify.
The IRS wants to know who got it, not who paid it.
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