https://ttlc.intuit.com/community/taxes/discussion/family-loan-declare-interest/01/2802217#M1015507 <P>I borrowed $25k from my brother as a personal loan at 4% interest for 5 years.</P><P>So I paid say $1000 interest in 2022.</P><P>Do I as a borrower give him a 1099-INT? And how do I send that to the IRS (mail? Electronic?). Do I also send a 1099-INT to the State as well (Massachusetts)?</P><P>He’ll of course declare the $1000 interest on his tax return.&nbsp;<BR />thx</P><P>&nbsp;</P> Tue, 10 Mar 2026 07:21:39 GMT poolshark333 2026-03-10T07:21:39Z https://ttlc.intuit.com/community/taxes/discussion/family-loan-declare-interest/01/2802217#M1015507 <P>I borrowed $25k from my brother as a personal loan at 4% interest for 5 years.</P><P>So I paid say $1000 interest in 2022.</P><P>Do I as a borrower give him a 1099-INT? And how do I send that to the IRS (mail? Electronic?). Do I also send a 1099-INT to the State as well (Massachusetts)?</P><P>He’ll of course declare the $1000 interest on his tax return.&nbsp;<BR />thx</P><P>&nbsp;</P> Tue, 10 Mar 2026 07:21:39 GMT https://ttlc.intuit.com/community/taxes/discussion/family-loan-declare-interest/01/2802217#M1015507 poolshark333 2026-03-10T07:21:39Z https://ttlc.intuit.com/community/taxes/discussion/re-family-loan-declare-interest/01/2802223#M1015509 <P>You do not issue a Form 1099-INT to your brother. He does not need a 1099-INT to report the interest income.</P> <P>&nbsp;</P> Thu, 15 Dec 2022 03:47:27 GMT https://ttlc.intuit.com/community/taxes/discussion/re-family-loan-declare-interest/01/2802223#M1015509 rjs 2022-12-15T03:47:27Z