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Updated about 5 years ago on . Most recent reply
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Question on Interest Payments
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.