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Updated over 2 years ago,

User Stats

51
Posts
34
Votes
Adri Jusczak
Pro Member
  • Salinas, CA
34
Votes |
51
Posts

Structuring a Private Money Lender Deal

Adri Jusczak
Pro Member
  • Salinas, CA
Posted

Hi! 

I have a private money lender giving me 25k for 4 months at 10%. They are just going to write me a check for the 25k. My question is, can I just write them a check after the 4 months of 25K plus the 10% on top? Or is there a 1099 or some sort of tax doc I need to fill out to make sure I'm following the correct process? Thanks! 

  • Adri Jusczak
  • Loading replies...