If you hold the note on a loan, the income derived from the interest charged would typically be considered taxable if you did it by the book.
No - if you're the borrower - you will pay the interest for the loans. However, if you're the person and it is your business to let people borrow money or loan money from you - Yes - it can be an income for you and those interests are subject for tax.
by retellect6 years ago
What are the alternatives to a student loan?
by Person of Interest6 years ago
Those who are more knowledgeable than me (which is pretty much everyone ) can sort this one out..."Yet Mr. Ross told me that he paid 102 percent of his taxable income in federal, state and local taxes for 2010....
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How do i get a loan when i have payday loans
by Emmanuel505 years ago
There are many different types of personal loans. The type you decide to use will depend on your credit situation and individual preference. Below is a short overview of the four most popular types of personal loans and...
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We have already lost so much in the value of our homes, many folks considered their home value part of their retirement package.....and now this...... How many more hidden items are there hidden in this bogus health...
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how can i find a bad credit loan
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