The reason I brought up my portfolio is that on the lender side, if the borrower only has $1000 or less investment income, then it is an exception. First I thought it was mere income, but it says, "Investment" income. Now, this is on the lender side, and I cannot find information on the borrower side.
I am not looking for deduction. I am simply asking if the borrower needs to pay more tax to IRS if he borrowed $100K or less from a family member at 1% interest.
