The amount was listed as “non-employee compensation “ on the 1099.
What were they compensating me for!!!
I paid interest as we built, but it’s been converted to a typical mortgage after completing the house.
Quote:
Originally Posted by dafischer
The proceeds of the loan aren't income, which is what a 1099 represents. Which box was filled on the 1099? I assume that you're paying interest on it.
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