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-   -   IRS reporting of interest to foreign company for business loan (https://www.askmehelpdesk.com/showthread.php?t=612603)

  • Nov 15, 2011, 10:44 PM
    galstaf
    IRS reporting of interest to foreign company for business loan
    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
  • Nov 16, 2011, 10:48 AM
    IntlTax
    See Form 1042/1042S. See also IRS Publication 515 for withholding tax rules.

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