DCR11
New Member

Business & farm

I loaned family members to buy rental real estate and they pay me interest monthly.  I understand that neither of us need to file a 1099 for the interest, just report the interest earned on my taxes.  How should it be included on my taxes?  Do I need to put their name and socials on the payer's interest, basically what goes onto the form?  Also, since the loan was used to purchase a rental property can they deduct the interest paid to me?  Thanks for the consideration