Tax deduction for interest cost on personal loan

I borrowed money from friends to buy an investment property.
Can I report the interest expense? 

To some friends, the interest is only a few hundred dollars.
Can I report expense while my friend does not report it as income? 

所有跟帖： 

• You need to give them 1099 -borisg- ♀ (0 bytes) () 06/03/2014 postreply 04:26:24

• No 1099 needed for less than $600 for contractors -pangpangxiongxiong- ♀ (33 bytes) () 06/03/2014 postreply 10:11:07

• 看情况 -美西游子- ♀ (680 bytes) () 06/04/2014 postreply 09:04:20