We loaned our son money to purchase his home and rental property, but we did not own the property. This was not a Seller Financed loan. Where would I list the interest we received for this loan? Since it was a personal loan we did not receive a 1099-Int.
Thank you
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Enter your individual’s name as a Payer's name and the amount of interest received in box 1.
So treat it as if I received a 1099-Int form Correct?
Yes
Thank you!
Exactly.
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