What is the name of your state? California
I sold a house to my son in 2006, and it's a seller-financed deal where he is making monthly payment to me. Do I need to file 1098 to report the interest income I received from his monthly notes payment to me in 2006 and for him to deduct the interest expense for tax purpose? Thanks.
I sold a house to my son in 2006, and it's a seller-financed deal where he is making monthly payment to me. Do I need to file 1098 to report the interest income I received from his monthly notes payment to me in 2006 and for him to deduct the interest expense for tax purpose? Thanks.