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Old 02-01-2004, 11:26 PM
Charles
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Default Re: Issue 1099-INT for loan interest?

smithff33[at]aol.com (Herb Smith) wrote:

- quote -

> Even if they don't issue a 1099-INT, it is your
> responsibility to report all taxable income on your return.


Not sure why you assume that I wouldn't know that it is my
responsibility to report all taxable income on my return.

My question (perhaps ignorant and naive but sincere) was
about whether the corporation (owned by me) needs to issue a
1099-INT.

Charles

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  #1  
Old 01-28-2004, 09:55 PM
Herb Smith
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Default Re: Issue 1099-INT for loan interest?

NoSpam[at]earthlink.net (Charles) wrote:

- quote -

> In 2003 my C-Corp paid me interest on a note for a loan I
> made to the company.
> I assume the company should issue me a 1099-INT?


Even if they don't issue a 1099-INT, it is your
responsibility to report all taxable income on your return.

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Old 01-28-2004, 06:05 PM
Harlan Lunsford
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Default Re: Issue 1099-INT for loan interest?

Charles wrote:

- quote -

> In 2003 my C-Corp paid me interest on a note for a loan I
> made to the company.
> I assume the company should issue me a 1099-INT?


Only if the amount of the interest is over 10$.

Cheer$,
Harlan Lunsford, EA n LA

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  #-1  
Old 01-27-2004, 10:52 PM
Charles
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Default Issue 1099-INT for loan interest?

In 2003 my C-Corp paid me interest on a note for a loan I
made to the company.

I assume the company should issue me a 1099-INT?

Charles

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

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1099int, interest, issue, loan
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