All Forum Posts by: Vin Sun
Vin Sun has started 1 posts and replied 2 times.
Post: Interest paid to hard money lender
Vin SunPosted
- Posts 2
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Thank you for your responses. Really appreciate it. Is the borrower (interest payer) supposed to issue the 1099?
In the current scenario, the lender is asking to issue a 1099. Please advise.
Post: Interest paid to hard money lender
Vin SunPosted
- Posts 2
- Votes 0
Single member LLC paid interest of $6000 to hard money lender. Money was borrowed to purchase rental property. Did not receive 1098 or 1099 from the lender and neither 1099-INT issued by the payer of interest. Please advise how to handle this?