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Updated over 5 years ago on . Most recent reply

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76
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23
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Riggies B tang
23
Votes |
76
Posts

Question on Interest Payments

Riggies B tang
Posted

Hi all, Question. My first time using a Hard Money loan within my LLC. I have been paying interest payments for a little over a year, total roughly about $14k . Does borrower usually receive a 1098 for income tax filing purposes? I know in the conventional world we do receive a 1098 to show how much interest has been paid for the year.

Thanks for your help.

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