- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
If it represents a loan that must be paid back, but is then cancelled in a future period, it would be treated as income in the year it is cancelled.
[Edited 2/12/2021 9:03 PM PST]
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
ā€ˇFebruary 11, 2021
8:08 PM
259 Views