Heads up that as park owners you’re actually not supposed to be owner-financing, so I wouldn’t even wade into the waters of being considered an unlicensed “lender” by substantiating that with a 1098. Not a good look. I would just provide them with an amortization schedule showing both principle and interest and they can claim the appropriate amount per that schedule on their taxes. Including the amortization schedule on the owner-finance paperwork as an Exhibit would be the way to go to head this off at the pass.
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