AnswerXchange wants me directs me to a w2 to report interest income from a personal loan. Is that correct. Doesn't work
You'll need to sign in or create an account to connect with an expert.
No, it is not correct. Interest on a personal loan is entered AS IF you have received form 1099-INT. Please enter your individual’s name as a Payer's name and the amount of interest received in box 1.
No, it is not correct. Interest on a personal loan is entered AS IF you have received form 1099-INT. Please enter your individual’s name as a Payer's name and the amount of interest received in box 1.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
LCCarroll1
New Member
EstebanM3
New Member
alex-jones
New Member
Lynnmarn
New Member
coolcoke2008
New Member