If I took a loan out of my profit sharing this year, do I have to report it on my taxes?

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If I took a loan out of my profit sharing this year, do I have to report it on my taxes?

You would not report a loan. If you default on the loan, then it becomes taxable.

♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

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If I took a loan out of my profit sharing this year, do I have to report it on my taxes?

You would not report a loan. If you default on the loan, then it becomes taxable.

♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

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