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  • Re: I made a loan to an associate for his business.Is the interest on this loan considered capital gains or investment income?How would it be taxed?
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Anonymous_
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Investors & landlords

See https://www.irs.gov/taxtopics/tc403

 

Taxed as ordinary income not subject to self-employment tax (unless you are in the business of making loans).

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‎September 13, 2024 8:15 AM
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