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Updated almost 7 years ago,
Loan servicing company Tax question
So I’m looking at doing a deal with a private money lender that Iv know for awhile. But I’m extremely new to the concept. I want to use a loan servicing company with the lender being first on the title. But my biggest question is about the tax part. Will the loan servicing company give me an my lender our tax stuff, like me for interest payments Write off An them for money gain taxes. Actually not even sure if it’s a money gain that the lender would be taxed. I haven’t hired an attorney yet to go over this with me just wanted to get some basics together so I know what I’m talking about.