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ZimpleMoney provides a report that you, your accountant or service use preparing your interest income or expense 1099/1098 reports.
The Interest Paid and Received Report is available to you by clicking the purple title "Account" tab, scrolling down on the right to the Reports box and selecting the "Interest Paid and Received Report." Select the report, and select 2020 to print the report or export it to a spreadsheet/csv file.
At ZimpleMoney we use the company called Tax1099.com to upload the spreadsheet/CSV file to populate the forms. Completed forms can be electronically filed and saved.
If you have only one or two loans it easy enough to manually enter the data. For those of you with more loans, you will find it easier to upload a file.
Please contact your bookkeeper or accountant if you need additional assistance filing your tax reports.
The Interest Paid and Received Report is available to you by clicking the purple title "Account" tab, scrolling down on the right to the Reports box and selecting the "Interest Paid and Received Report." Select the report, and select 2020 to print the report or export it to a spreadsheet/csv file.
At ZimpleMoney we use the company called Tax1099.com to upload the spreadsheet/CSV file to populate the forms. Completed forms can be electronically filed and saved.
If you have only one or two loans it easy enough to manually enter the data. For those of you with more loans, you will find it easier to upload a file.
Please contact your bookkeeper or accountant if you need additional assistance filing your tax reports.