Do I have to send a 1099 int form to anyone to report interest received on a personal loan to my daughter to pay off her home second mortgage?

john-c-muehlbaue · ‎June 4, 2019

CarolynM · ‎June 4, 2019

No, you do not need to send your daughter a 1099. You are not in the business or trade of loans.

However, you should report the interest you received from her on your tax return. In TurboTax, include the income under

Interest on 1099 INT. Even though you do not have the form, you can enter her name and the amount of interest you received.

CarolynM · ‎June 4, 2019

No, you do not need to send your daughter a 1099. You are not in the business or trade of loans.

However, you should report the interest you received from her on your tax return. In TurboTax, include the income under

Interest on 1099 INT. Even though you do not have the form, you can enter her name and the amount of interest you received.

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