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Updated almost 7 years ago on . Most recent reply

Shea Spinelli's profile image
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Shea Spinelli
  • Rental Property Investor
  • from Tyler, TX
  • Member since May 12, 2016
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Shea Spinelli's profile image
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Shea Spinelli
  • Rental Property Investor
  • from Tyler, TX
  • Member since May 12, 2016
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Shea Spinelli
  • Rental Property Investor
  • Tyler, TX
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Tax, SDIRAs & Cost Segregation

Bought Owner Financed Property - no 1098

Shea Spinelli
  • Rental Property Investor
  • Tyler, TX
Posted

We bought commercial property last year and the owner financed 90% of the purchase. They didn’t issue us a 1098 for interest paid. Can we still claim the interest? 

Thank you!

  • Shea Spinelli
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    Michael Plaks
    #1 Tax, SDIRAs & Cost Segregation Contributor
    • Tax Accountant / Enrolled Agent
    • Houston, TX
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    Michael Plaks
    #1 Tax, SDIRAs & Cost Segregation Contributor
    • Tax Accountant / Enrolled Agent
    • Houston, TX
    Replied

    @Christopher Phillips - you're looking at instructions regarding personal residence, while our conversation is about commercial investment property

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