Tax Compliance
g²Lend and g²Rent automatically generate the tax forms and compliance reports your jurisdiction requires.
Available Nationwide
Our platform works in all 50 US states and Puerto Rico. State-specific tax compliance is available in select jurisdictions below — and expanding.
Form 6252 · Form 1098 · Schedule B/D · Form 4797 · AFR Compliance
Form 480.7A · Installment Sale (Sección 1035.02)
Property Code § 5.077 Annual Accounting Statement
No additional state forms required
These states have no income tax. Federal forms provide full coverage.
Form Guide
Plain-language walkthroughs of the four forms that come up most often. We generate each from your records — you sign and file.
Required when you receive $500 or more of interest from a Puerto Rico borrower in a calendar year. Hacienda uses it the same way the IRS uses Form 1099-INT. We assemble the form, the borrower copy, and the totals filing from the payment history you've recorded.
Filed by private lenders who received $600 or more in mortgage interest from a borrower whose loan is secured by real property. Even when you are not a bank, holding the note on a seller-financed sale generally triggers this requirement. We generate the filer, borrower, and recipient copies.
Filed by the seller in an installment sale (seller financing). It reports the gross profit ratio and the portion of each year's payment that counts as gain versus return of basis. We track basis, gross profit, and each payment against the schedule so the Form 6252 numbers reconcile to your records.
Texas seller-financed home transactions require the seller to deliver an annual accounting statement to the buyer by January 31. It must list amounts received, amounts applied to interest and principal, the remaining balance, taxes and insurance paid, and a description of any deficiency. We produce the statement automatically from the year's ledger.
Puerto Rico Filers
Any private lender — including individuals holding a seller-financed note — who receives $500 or more in interest from a PR borrower during the calendar year. Applies even when you are not a commercial bank and the loan is informal.
January 31 of the following year. The borrower copy must be delivered by that date, and the consolidated filing must reach Hacienda by the same deadline.
Hacienda assesses penalties per missing or late form, plus interest on any related underpayment of estimated tax by the borrower that traces back to the missing 480.7A. The borrower also loses the documentation needed to deduct the interest, which strains the relationship.
FAQ
Any private lender who receives $500 or more in interest from a Puerto Rico borrower in a calendar year — including individuals carrying a seller-financed note. The form is filed with Hacienda and a copy is delivered to the borrower by January 31.
Generally yes, when the loan is secured by real property and you received $600 or more in mortgage interest during the year. The IRS requires private lenders in this situation to issue Form 1098 to the borrower and file it with the IRS, even if you are not a commercial bank.
Form 6252 reports installment sale income on your federal return when you sold property and the buyer is paying you over time. It calculates the gross profit ratio so that each annual payment is split correctly between gain and return of basis. You file it for every year of the installment sale.
January 31 of the year following the calendar year being reported. Both the borrower copy and the consolidated filing with Hacienda are due by that date.
Hacienda imposes penalties per missing or late information return, with additional interest exposure when the omission affects the borrower's estimated tax. The fastest fix is to file the late return immediately and deliver the borrower copy.
Yes. Texas Property Code § 5.077 requires the seller in a seller-financed home transaction to deliver an annual accounting statement to the buyer by January 31, summarizing payments received, allocation of principal and interest, taxes and insurance, and the remaining balance.
Tell us which state you need and we’ll prioritize it.