[A930Rocket]

After building our personal house with a construction loan from Primelending based in Texas (never use them!), they sent me a 1099 for 2016. This was strictly a construction loan and no wages or profit was made.

I asked my accountant about it last year at tax time and he said I could ignore it, as it was probably a mistake. I’ve never received a 1099 for a personal house and I’ve built 6 in the last 24 years.

Well, I just a letter from the IRS asking about the 1099 for 2016.

My accountant says get the lender to reissue a new 1099 with a zero amount. Primelending says show the IRS my invoices....a total pain and leads to who knows what.

Anybody with experience of 1099’s?