I am self employed/freelancer and do many sorts of business ventures. Two years ago I had the opportunity to loan money to an LLC corporation as a business income opportunity. We wrote up a contract of agreements, etc.
I reported for tax year 2018 this loan that I invested into as business income. I recently received a cp2000 form from the irs stating that I failed to report this as interest like a bank savings account or cd. Thoughts?
