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Updated almost 6 years ago,

Chris LumLee's profile image
Chris LumLee's profile image
Chris LumLee
  • Investor
  • from Honolulu, HI
  • Member since Mar 24, 2017
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187
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108
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Chris LumLee's profile image
Chris LumLee's profile image
Chris LumLee
  • Investor
  • from Honolulu, HI
  • Member since Mar 24, 2017
Connect
Chris LumLee
  • Investor
  • Honolulu, HI
108
Votes |
187
Posts
Tax, SDIRAs & Cost Segregation

Have a business but borrowing from a friend

Chris LumLee
  • Investor
  • Honolulu, HI
Posted

Hi,

I'm thinking about starting a real estate investing business. I'm thinking about borrowing money from some friends to help finance purchases. If it's a private loan backed with a promissory note, do I NEED to give them 1099s or other tax-related forms at year end?

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