galstaf
Nov 15, 2011, 10:44 PM
Hello all,
I am seeking advice on payment of interest for real estate paid to a foreign entity (based in the UK).
They don't issue 1098s, so how is this interest reported to the IRS. We have over 5 rental properties with loans from the UK. This interest carry is one of our biggest expenses with the properties, so obviously we need to report this correctly.
Many thanks in advance!
Gal
I am seeking advice on payment of interest for real estate paid to a foreign entity (based in the UK).
They don't issue 1098s, so how is this interest reported to the IRS. We have over 5 rental properties with loans from the UK. This interest carry is one of our biggest expenses with the properties, so obviously we need to report this correctly.
Many thanks in advance!
Gal