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    galstaf's Avatar
    galstaf Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 15, 2011, 10:44 PM
    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
    IntlTax's Avatar
    IntlTax Posts: 831, Reputation: 23
    Tax Expert
    		  
    #2

    Nov 16, 2011, 10:48 AM
    See Form 1042/1042S. See also IRS Publication 515 for withholding tax rules.
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