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Updated over 5 years ago on . Most recent reply

Bryan Richardson's profile image
Bryan Richardson's profile image
Bryan Richardson
  • Rental Property Investor
  • from Indianapolis, IN
  • Member since Apr 15, 2018
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Bryan Richardson's profile image
Bryan Richardson's profile image
Bryan Richardson
  • Rental Property Investor
  • from Indianapolis, IN
  • Member since Apr 15, 2018
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Bryan Richardson
  • Rental Property Investor
  • Indianapolis, IN
141
Votes |
189
Posts
Tax, SDIRAs & Cost Segregation

Tax on private money

Bryan Richardson
  • Rental Property Investor
  • Indianapolis, IN
Posted

If I raise private money from a co worker or family, Do I need to w9 them? Does any thing need to be done for taxes? My company is in a llc.

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Jason Dillard's profile image
Jason Dillard's profile image
Jason Dillard
  • Real Estate Broker
  • from Greer, SC
  • Member since Feb 20, 2013
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Jason Dillard's profile image
Jason Dillard's profile image
Jason Dillard
  • Real Estate Broker
  • from Greer, SC
  • Member since Feb 20, 2013
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Jason Dillard
  • Real Estate Broker
  • Greer, SC
270
Votes |
548
Posts
Jason Dillard
  • Real Estate Broker
  • Greer, SC
Replied

@Bryan Richardson you should send 1099ints to your lenders if you paid interest.

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