US LLC paying interest to Canadian individuals
After a few days of research need to ask the question -- I have a new client, a Canadian married couple that formed a LLC in Nevada on 12/15/2008. The LLC has rental properties in it located in TN. My question is to buy the property the LLC borrowed money from individual Canadian investors and the NV LLC is paying the Canadians interest on the loan. How does the LLC report the payment of interest to the IRS and to the Canadians.