Taxes on intest made?

[Jeremiah Gaviña]

If I loan someone 10K at 10 or 20%. Interest. Am I taxed on the interest made? Do they give me a 1099 or how does that work? Thanks

[Paul Allen]

Yes, interest income is taxable to you. They should issue you a 1099-int if the interest paid exceeded $10, but you are still responsible for paying the tax even if they do not issue the 1099-int.