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tben7900
Returning Member

Interest on loan

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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5 Replies

Interest on loan

Enter your individual’s name as a Payer's name and the amount of interest received in box 1.

  1. Federal Taxes
  2. Wages & Income
  3. Interest & Dividends
  4. Interest on 1099-INT
tben7900
Returning Member

Interest on loan

So treat it as if I received a 1099-Int form Correct?

Interest on loan

Yes

tben7900
Returning Member

Interest on loan

Thank you!

Interest on loan

Exactly. 

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