1098 for a Family member Loan
Hello,
Last year my dad gave me a 100k full recourse loan, at fair market interest rate, for a primary residence.
Looking at IRS pub 1098 https://www.irs.gov/pub/irs-pdf/i1098.pdf It looks like we need to fill out a 1098. This allows me to deduct the interest expense.
I've received 1098's from a bank but never created one my self. Is it that simple or am I missing something?
Thanks,
John