https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/1099-int-rental-loan/01/3424586#M117200 <P>I purchased a rental in 2023 and took out a loan from my father-in-law last January 2024 to do some remodel work.&nbsp; I assume I can write off the interest I have been paying on that loan on Schedule E line item 13 "Other Interest?"&nbsp;</P><P>&nbsp;</P><P>Do I need to 1099 him?&nbsp; There is a contract in place.</P> Sun, 19 Jan 2025 00:49:02 GMT mgc6288 2025-01-19T00:49:02Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/1099-int-rental-loan/01/3424586#M117200 <P>I purchased a rental in 2023 and took out a loan from my father-in-law last January 2024 to do some remodel work.&nbsp; I assume I can write off the interest I have been paying on that loan on Schedule E line item 13 "Other Interest?"&nbsp;</P><P>&nbsp;</P><P>Do I need to 1099 him?&nbsp; There is a contract in place.</P> Sun, 19 Jan 2025 00:49:02 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/1099-int-rental-loan/01/3424586#M117200 mgc6288 2025-01-19T00:49:02Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-1099-int-rental-loan/01/3424683#M117201 <P>No. keep good records that his loan was used to remodel the rental. failure will cause issues if you are audited.&nbsp;&nbsp;</P> Sun, 19 Jan 2025 04:55:11 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-1099-int-rental-loan/01/3424683#M117201 Mike9241 2025-01-19T04:55:11Z