I leant money to my LLC that is paying interest back to me. Do I have to create a 1099-int and or do I have to claim the interest on my personal taxes?

rolfie · ‎June 1, 2019

WillK · ‎June 1, 2019

Yes, the company should send you a 1099-INT (to you personally) if the interest paid to you is over $10.00. You would then report the interest on your personal return.

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WillK · ‎June 1, 2019

Yes, the company should send you a 1099-INT (to you personally) if the interest paid to you is over $10.00. You would then report the interest on your personal return.

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I leant money to my LLC that is paying interest back to me. Do I have to create a 1099-int and or do I have to claim the interest on my personal taxes?