Our company pays a trust for a seller-financed property bought by our company. We used to pay Escrow Specialist for this and they provide us the 1098 MORT. Just last year, our boss decided to pay the trust directly to avoid the fees we pay to the third-party.
Our company bought a property owned by the trust under a seller-financed loan. Do we need to file a 1099 INT for this?
Thanks!
