Investors & landlords


@ezqferg wrote:

Well I'm making thousands in interest each year because it is still a legitimate loan. Doesn't that make me a business if I am making money from this? Again, what is the physical address that businesses submit the 1098 to the IRS?

 

I really appreciate your fast response. Thank you all.


As stated in the IRS Form 1098 Instructions on page 2 - https://www.irs.gov/pub/irs-pdf/i1098.pdf#page=2

 

Who Must File

You are not required to file this form if the interest is not received in the course of your trade or business. For example, you hold the mortgage on your former personal residence. The buyer makes mortgage payments to you. You are not required to file Form 1098.