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cye5Ic5r4r3QjyacfA8pyY
12/09/09 4:01pm PST
Viewed by asker 12/22/09 1:06am PST
Viewed by asker 12/22/09 1:06am PST
2 Replies
Skylane
Questions asked: 50
Questions answered: 2067
Points earned: 6265
Questions answered: 2067
Points earned: 6265
Accountant Community AllStar
Advisory council of Accountant community power users.
12/10/09 8:42pm PST
http://www.irs.gov/pub/irs-pdf/i1098.pdf
The instructions say 'not required to file if interest is not received in course of trade or business' Since the sch E asset was sold then there's no more 'trade or business'... but who knows how the IRS wants to interpret this stuff... if you have any questions on how they're going to interpret then I'd just file the 1098 and not worry about it... (also, see example in who's required to file)
I'd rather be flying........
12/10/09 9:00pm PST
Latest post
Skylane - I'm not asking the question - I'm answering it. The bold above is a truncated version of the original question. Since it was marked solved it accepts no more comments.
The client of the questioner does NOT have to file a 1098.
NanseaLevy
- If we knew what it was we're doing, it would not be called Research. - Albert Einstein
- If we knew what it was we're doing, it would not be called Research. - Albert Einstein
