In Aug 2019 my wife and I loaned personal funds to our rental property LLC to pay off the mortgage on one of the properties in that LLC. Our attorney drew up an amortization schedule. Where do I report the interest earned from that loan on my 2019 tax return?
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If your LLC paid you interest, you should report it AS IF you had received a form 1099-INT form a bank.
In TurboTax, you can enter your form 1099-INT by following these steps:
If your LLC paid you interest, you should report it AS IF you had received a form 1099-INT form a bank.
In TurboTax, you can enter your form 1099-INT by following these steps:
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