Buyers refusing to provide info

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  #1  
Old 03-19-18, 10:49 AM
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Join Date: Apr 2004
Location: USA
Posts: 170
Buyers refusing to provide info

Sold a property to a couple and did owner financing, and for whatever reason they didnít provide their Social Security numbers on the Real Estate Tax Transfer form. Now tax time is here and my accountant is saying I need this info (or their tax ID number) to properly claim the mortgage interest, or I may face penalties. I reached out to the buyers, and they are refusing to provide this info (Althing they are certainly using my SSN to get their deduction). Are they or are they NOT required by law to provide this? What are my remedies if they wonít?
 
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  #2  
Old 03-19-18, 12:02 PM
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Join Date: Mar 2005
Location: USA
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You might try reaching out to the IRs and see what they say.
I financed the sale of my previous home and although I didn't have any trouble with the buyers supplying their SS numbers I'm thinking I had to include that number on the form I sent them each yr stating how much interest they paid.
 
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