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obeirne
New Member

I own a small rental property business (LLC). I have multiple mortgage loans outstanding. Am I responsible for sending a 1099 to my mortgage company for loan payments?

 
1 Reply
Marketstar
Level 7

I own a small rental property business (LLC). I have multiple mortgage loans outstanding. Am I responsible for sending a 1099 to my mortgage company for loan payments?

No, you are not required to send a 1099-MISC to your mortgage company(s).

See What is a 1099-MISC Form, who gets one and when is it due?

https://www.shrm.org/resourcesandtools/tools-and-samples/hr-qa/pages/whatisa1099-miscform.aspx

 


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